Wheaton Precious Metals (LON:WPM) Trading Down 2.8% – Should You Sell?

Wheaton Precious Metals Corp. (LON:WPM)’s share price was down 2.8% during mid-day trading on Tuesday . The stock traded as low as GBX 9,680 and last traded at GBX 9,772.21. Approximately 4,276 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 7,090 shares. The stock had previously closed at £100.50.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price objective on Wheaton Precious Metals from £119 to £117 and set a “buy” rating for the company in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of £117.

Wheaton Precious Metals Price Performance

The stock has a market capitalization of £44.38 billion, a P/E ratio of 24.70 and a beta of 1.19. The business’s 50 day simple moving average is GBX 8,730.84 and its 200-day simple moving average is GBX 9,690.23.

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.