Wheaton Precious Metals (LON:WPM) Receives Buy Rating from Berenberg Bank

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report released on Monday,London Stock Exchange reports. They currently have a GBX 5,900 ($76.27) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 1.58% from the stock’s previous close.

Wheaton Precious Metals Price Performance

WPM stock traded up GBX 88.16 ($1.14) during midday trading on Monday, hitting GBX 5,808.16 ($75.08). The stock had a trading volume of 3,427 shares, compared to its average volume of 2,135. The firm has a market cap of £32.61 billion, a price-to-earnings ratio of 53.51 and a beta of 0.70. The business has a 50-day moving average of GBX 5,148.03 and a two-hundred day moving average of GBX 4,924.90. Wheaton Precious Metals has a 52-week low of GBX 3,293 ($42.57) and a 52-week high of GBX 5,864.64 ($75.81).

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.