Wheaton Precious Metals (LON:WPM) Given New £130 Price Target at Berenberg Bank

Wheaton Precious Metals (LON:WPM) had its target price cut by Berenberg Bank from £133 to £130 in a research note released on Monday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

Wheaton Precious Metals Trading Down 8.9%

LON:WPM traded down GBX 880 on Monday, hitting GBX 8,980. The company’s stock had a trading volume of 44,980 shares, compared to its average volume of 8,468. Wheaton Precious Metals has a one year low of GBX 5,211 and a one year high of £128.75. The firm has a market capitalization of £40.77 billion, a P/E ratio of 40.76 and a beta of 1.11. The stock has a fifty day moving average of £106.29 and a two-hundred day moving average of GBX 8,966.09.

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.