Wheaton Precious Metals (LON:WPM) Reaches New 12-Month High – What’s Next?

Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high during trading on Wednesday . The stock traded as high as £110 and last traded at £104.05, with a volume of 12022 shares. The stock had previously closed at £105.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price objective on shares of Wheaton Precious Metals from GBX 9,600 to GBX 9,700 and gave the company a “buy” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 9,700.

Wheaton Precious Metals Stock Performance

The company has a 50 day moving average of GBX 8,712.43 and a 200 day moving average of GBX 7,875.22. The stock has a market capitalization of £47.24 billion, a price-to-earnings ratio of 47.23 and a beta of 0.70.

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.