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

Wheaton Precious Metals Corp. (LON:WPM) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 9,760 and last traded at GBX 9,100.50, with a volume of 3830 shares trading hands. The stock had previously closed at GBX 9,260.

Wall Street Analyst Weigh In

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

Wheaton Precious Metals Stock Up 2.8%

The stock has a fifty day moving average of GBX 8,357.84 and a two-hundred day moving average of GBX 7,687.59. The stock has a market cap of £42.64 billion, a price-to-earnings ratio of 42.63 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.