Wheaton Precious Metals (LON:WPM) Hits New 12-Month High – What’s Next?

Shares of Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 8,737.35 and last traded at GBX 8,737.35, with a volume of 5477 shares changing hands. The stock had previously closed at GBX 8,500.

Analyst Ratings Changes

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

Wheaton Precious Metals Price Performance

The company has a fifty day simple moving average of GBX 7,860.18 and a 200-day simple moving average of GBX 7,363.67. The company has a market cap of £39.71 billion, a P/E ratio of 39.71 and a beta of 0.70.

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.