Wheaton Precious Metals (LON:WPM) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Wheaton Precious Metals Corp. (LON:WPM) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 9,956.82 and traded as high as £100.68. Wheaton Precious Metals shares last traded at £100.68, with a volume of 2,875 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a £117 price objective on shares of Wheaton Precious Metals in a report on Thursday, September 17th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of £117.

Wheaton Precious Metals Stock Up 3.6%

The firm’s 50 day moving average price is £103.74 and its two-hundred day moving average price is GBX 9,956.82. The firm has a market capitalization of £45.73 billion, a PE ratio of 22.33 and a beta of 1.19.

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.