Berenberg Bank Forecasts Strong Price Appreciation for Wheaton Precious Metals (LON:WPM) Stock

Wheaton Precious Metals (LON:WPM) had its target price increased by Berenberg Bank from GBX 7,200 ($96.80) to GBX 7,800 ($104.87) in a report published on Friday, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

Wheaton Precious Metals Trading Down 3.0%

Shares of Wheaton Precious Metals stock opened at GBX 7,360 ($98.95) on Friday. The firm has a market capitalization of £41.33 billion, a PE ratio of 67.81 and a beta of 0.70. Wheaton Precious Metals has a twelve month low of GBX 4,300 ($57.81) and a twelve month high of GBX 7,760 ($104.33). The firm’s 50-day moving average price is GBX 6,777.73 and its 200 day moving average price is GBX 6,128.64.

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.