Berenberg Bank Raises Wheaton Precious Metals (LON:WPM) Price Target to GBX 9,700

Wheaton Precious Metals (LON:WPM) had its price target increased by investment analysts at Berenberg Bank from GBX 9,600 to GBX 9,700 in a report issued on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 25.00% from the stock’s current price.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at GBX 7,760 on Friday. Wheaton Precious Metals has a one year low of GBX 4,319 and a one year high of GBX 8,820. The company has a market cap of £35.23 billion, a P/E ratio of 44.70 and a beta of 0.70. The firm has a fifty day moving average of GBX 7,763.38 and a two-hundred day moving average of GBX 7,042.25.

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.