Wheaton Precious Metals (LON:WPM) Shares Down 0.3% – Here’s Why

Wheaton Precious Metals Corp. (LON:WPM) shares fell 0.3% on Friday . The stock traded as low as GBX 4,526.67 ($56.89) and last traded at GBX 4,572.62 ($57.47). 2,626 shares were traded during mid-day trading, a decline of 3% from the average session volume of 2,705 shares. The stock had previously closed at GBX 4,585 ($57.62).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 5,200 ($65.35) price target on shares of Wheaton Precious Metals in a research note on Monday, October 7th.

Wheaton Precious Metals Price Performance

The stock has a market capitalization of £20.74 billion, a P/E ratio of 4,763.15 and a beta of 0.70. The stock has a fifty day moving average price of GBX 4,917.05 and a 200 day moving average price of GBX 4,657.69.

Wheaton Precious Metals Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.16 per share. This represents a yield of 0.24%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is presently 4,895.83%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.