Wheaton Precious Metals (LON:WPM) Sets New 12-Month High – Should You Buy?

Wheaton Precious Metals Corp. (LON:WPM) shares reached a new 52-week high on Wednesday . The company traded as high as £107 and last traded at GBX 9,899.10, with a volume of 4770 shares trading hands. The stock had previously closed at GBX 9,840.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from GBX 9,600 to GBX 9,700 and gave the stock a “buy” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Buy” and an average target price of GBX 9,700.

Wheaton Precious Metals Stock Performance

The firm has a market cap of £44.94 billion, a P/E ratio of 44.93 and a beta of 0.70. The firm has a 50 day simple moving average of GBX 8,452.64 and a 200 day simple moving average of GBX 7,748.90.

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.