Berenberg Bank Cuts Wheaton Precious Metals (LON:WPM) Price Target to £130

Wheaton Precious Metals (LON:WPM) had its price objective trimmed by Berenberg Bank from £133 to £130 in a report published on Monday morning,London Stock Exchange reports. The firm currently has a buy rating on the stock.

Wheaton Precious Metals Stock Performance

Shares of LON WPM traded down GBX 880 during midday trading on Monday, reaching GBX 8,980. The stock had a trading volume of 44,980 shares, compared to its average volume of 8,468. The company has a market capitalization of £40.77 billion, a price-to-earnings ratio of 40.76 and a beta of 1.11. Wheaton Precious Metals has a 12-month low of GBX 5,211 and a 12-month high of £128.75. The stock has a 50-day moving average of £106.29 and a 200-day moving average of GBX 8,966.09.

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.