Wheaton Precious Metals (LON:WPM) Trading Down 2.8% – Should You Sell?

Wheaton Precious Metals Corp. (LON:WPM)’s stock price was down 2.8% on Tuesday . The stock traded as low as GBX 9,680 and last traded at GBX 9,772.21. Approximately 4,276 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 7,090 shares. The stock had previously closed at £100.50.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on Wheaton Precious Metals from £119 to £117 and set a “buy” rating for the company in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus target price of £117.

Wheaton Precious Metals Trading Down 2.8%

The firm’s fifty day moving average price is GBX 8,730.84 and its 200-day moving average price is GBX 9,690.23. The company has a market cap of £44.38 billion, a price-to-earnings ratio of 24.70 and a beta of 1.19.

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.