Wheaton Precious Metals’ (WPM) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Wheaton Precious Metals (LON:WPM) in a research note published on Thursday,Digital Look reports. Berenberg Bank currently has a £117 price target on the stock.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at £112.16 on Thursday. The stock has a market capitalization of £50.94 billion, a P/E ratio of 24.88 and a beta of 1.19. Wheaton Precious Metals has a 52-week low of GBX 6,780 and a 52-week high of £128.75. The stock’s 50-day simple moving average is GBX 9,944.21 and its 200 day simple moving average is GBX 9,798.40.

About Wheaton Precious Metals

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.