Wheaton Precious Metals (LON:WPM) Receives “Buy” Rating from Berenberg Bank

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They presently have a £117 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 4.93% from the company’s current price.

Wheaton Precious Metals Price Performance

Shares of LON WPM opened at £111.50 on Thursday. The company has a market capitalization of £50.64 billion, a PE ratio of 24.73 and a beta of 1.19. The stock’s 50 day moving average price is GBX 9,823.05 and its 200-day moving average price is GBX 9,793.07. Wheaton Precious Metals has a twelve month low of GBX 6,780 and a twelve month high of £128.75.

About Wheaton Precious Metals

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.