Wheaton Precious Metals (LON:WPM) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Wheaton Precious Metals (LON:WPM) in a report published on Wednesday, MarketBeat reports. Berenberg Bank currently has a GBX 5,800 ($72.98) price target on the stock.

Wheaton Precious Metals Price Performance

Shares of WPM traded up GBX 126.55 ($1.59) during midday trading on Wednesday, hitting GBX 5,526.55 ($69.54). The stock had a trading volume of 2,953 shares, compared to its average volume of 2,293. Wheaton Precious Metals has a 1 year low of GBX 3,040 ($38.25) and a 1 year high of GBX 5,660 ($71.22). The stock’s 50 day moving average is GBX 4,882.78 and its 200 day moving average is GBX 4,814.90. The firm has a market cap of £31.03 billion, a PE ratio of 50.91 and a beta of 0.70.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.