Berenberg Bank Reaffirms “Buy” Rating for Wheaton Precious Metals (LON:WPM)

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They currently have a £117 target price on the stock. Berenberg Bank’s target price points to a potential upside of 4.32% from the company’s current price.

Wheaton Precious Metals Trading Down 0.7%

LON WPM opened at £112.16 on Thursday. The company has a market cap of £50.94 billion, a P/E ratio of 24.88 and a beta of 1.19. The company has a fifty day simple moving average of GBX 9,944.21 and a 200 day simple moving average of GBX 9,798.40. Wheaton Precious Metals has a 12-month low of GBX 6,780 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.