Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High – Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 9,280 and last traded at GBX 9,036.50, with a volume of 4597 shares changing hands. The stock had previously closed at GBX 9,160.

Analysts Set New Price Targets

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

Wheaton Precious Metals Price Performance

The business has a fifty day moving average of GBX 7,946.42 and a 200 day moving average of GBX 7,467.92. The stock has a market cap of £41.03 billion, a PE ratio of 41.02 and a beta of 0.70.

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.