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

Wheaton Precious Metals (LON:WPM) had its price target lifted by stock analysts at Berenberg Bank from £112 to £117 in a research note issued on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 14.15% from the stock’s current price.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at £102.50 on Monday. The business’s 50-day moving average is £103.76 and its two-hundred day moving average is GBX 9,474.74. The company has a market capitalization of £46.54 billion, a P/E ratio of 31.67 and a beta of 1.18. Wheaton Precious Metals has a fifty-two week low of GBX 5,500 and a fifty-two week high of £128.75.

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.