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

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, September 17th, Digital Look reports. They currently have a £117 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 8.33% from the company’s current price.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded down GBX 200 during trading on Thursday, reaching £108. The company had a trading volume of 6,401 shares, compared to its average volume of 6,684. Wheaton Precious Metals has a fifty-two week low of GBX 6,780 and a fifty-two week high of £128.75. The firm’s fifty day moving average is £101.23 and its 200-day moving average is GBX 9,777.14. The company has a market cap of £49.05 billion, a price-to-earnings ratio of 23.96 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.