Wheaton Precious Metals (LON:WPM) Stock Price Down 4.2% – What’s Next?

Wheaton Precious Metals Corp. (LON:WPM – Get Free Report) shares fell 4.2% during trading on Wednesday . The stock traded as low as GBX 7,935.14 and last traded at GBX 7,935.14. 2,487 shares were traded during mid-day trading, a decline of 68% from the average session volume of 7,706 shares. The stock had previously closed at GBX 8,280.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from £112 to £117 and gave the company a “buy” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and an average price target of £117.

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View Our Latest Stock Analysis on WPM

Wheaton Precious Metals Trading Down 1.2%

The firm has a market cap of £35.08 billion, a PE ratio of 19.52 and a beta of 1.19. The company’s 50-day moving average is GBX 9,055.67 and its 200 day moving average is GBX 9,841.67.

Wheaton Precious Metals Company Profile

(Get Free Report)

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.

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