Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High – Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM) reached a new 52-week high on Wednesday . The company traded as high as £110 and last traded at £104.05, with a volume of 12022 shares trading hands. The stock had previously closed at £105.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their target price 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 analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 9,700.

Wheaton Precious Metals Stock Performance

The stock has a market cap of £47.24 billion, a PE ratio of 47.23 and a beta of 0.70. The company has a 50 day moving average of GBX 8,712.43 and a two-hundred day moving average of GBX 7,875.22.

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.