Wheaton Precious Metals (LON:WPM) Given Buy Rating at Berenberg Bank

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a £112 target price on the stock. Berenberg Bank’s price target points to a potential upside of 10.89% from the stock’s previous close.

Wheaton Precious Metals Stock Down 1.0%

Shares of WPM traded down GBX 100 during mid-day trading on Tuesday, hitting £101. 5,173 shares of the company’s stock traded hands, compared to its average volume of 8,860. Wheaton Precious Metals has a 1 year low of GBX 5,444.25 and a 1 year high of £128.75. The firm has a market capitalization of £45.86 billion, a P/E ratio of 31.20 and a beta of 1.11. The business’s 50-day moving average price is £104.71 and its 200-day moving average price is GBX 9,138.56.

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.