Wheaton Precious Metals (LON:WPM) Reaches New 52-Week High – Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high on Wednesday . The stock traded as high as £117 and last traded at £112.07, with a volume of 24579 shares. The stock had previously closed at £107.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from GBX 9,600 to GBX 9,700 and gave the company a “buy” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 9,700.

Wheaton Precious Metals Trading Down 10.0%

The stock has a 50-day simple moving average of GBX 9,160.44 and a 200 day simple moving average of GBX 8,085.60. The company has a market cap of £44.96 billion, a price-to-earnings ratio of 44.95 and a beta of 0.70.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments.