Berenberg Bank Issues Pessimistic Forecast for Wheaton Precious Metals (LON:WPM) Stock Price

Wheaton Precious Metals (LON:WPM) had its price objective cut by research analysts at Berenberg Bank from £133 to £130 in a research note issued to investors on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 44.77% from the stock’s current price.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded down GBX 880 during trading hours on Monday, reaching GBX 8,980. The company had a trading volume of 44,980 shares, compared to its average volume of 8,468. The company has a 50-day moving average price of £106.29 and a 200 day moving average price of GBX 8,966.09. The firm has a market cap of £40.77 billion, a price-to-earnings ratio of 40.76 and a beta of 1.11. Wheaton Precious Metals has a 12-month low of GBX 5,211 and a 12-month high of £128.75.

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.