Wheaton Precious Metals (LON:WPM) Sets New 52-Week High – Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as £119 and last traded at £117.55, with a volume of 5141 shares changing hands. The stock had previously closed at £115.

Analyst Ratings Changes

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

Wheaton Precious Metals Stock Performance

The firm has a market capitalization of £53.37 billion, a P/E ratio of 53.36 and a beta of 0.70. The stock has a fifty day moving average price of GBX 9,941.42 and a two-hundred day moving average price of GBX 8,523.84.

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.