Berenberg Bank Cuts Wheaton Precious Metals (LON:WPM) Price Target to £117

Wheaton Precious Metals (LON:WPM) had its price target reduced by Berenberg Bank from £119 to £117 in a report issued on Tuesday,Digital Look reports. They currently have a buy rating on the stock.

Wheaton Precious Metals Price Performance

Shares of LON:WPM opened at GBX 8,289.11 on Tuesday. The business’s 50 day simple moving average is GBX 8,707.69 and its 200 day simple moving average is GBX 9,778.19. Wheaton Precious Metals has a 1 year low of GBX 6,700 and a 1 year high of £128.75. The company has a market capitalization of £37.64 billion, a P/E ratio of 20.95 and a beta of 1.19.

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.