Berenberg Bank Issues Positive Forecast for Wheaton Precious Metals (LON:WPM) Stock Price

Wheaton Precious Metals (LON:WPM – Free Report) had its price objective raised by Berenberg Bank from £112 to £117 in a research report sent to investors on Monday morning,Digital Look reports. They currently have a buy rating on the stock.

Wheaton Precious Metals Stock Up 0.2%

Shares of LON WPM opened at £105.68 on Monday. The stock has a market capitalization of £47.99 billion, a price-to-earnings ratio of 32.65 and a beta of 1.18. The stock’s fifty day simple moving average is £103.16 and its 200 day simple moving average is GBX 9,512.44. Wheaton Precious Metals has a 52-week low of GBX 5,500 and a 52-week high of £128.75.

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About Wheaton Precious Metals

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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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