Wheaton Precious Metals (LON:WPM) Given New GBX 8,300 Price Target at Berenberg Bank

Key Points

• Berenberg Bank raised its price target for Wheaton Precious Metals stock from GBX 7,800 to GBX 8,300, indicating a potential upside of 4.01% from the current stock price.
• The firm currently holds a "buy" rating on Wheaton Precious Metals, reinforcing investor confidence in the stock's performance.
• Wheaton Precious Metals, with a market cap of £36.23 billion, is recognized as the world's premier precious metals streaming company, offering lower risk compared to traditional mining firms.

Wheaton Precious Metals (LON:WPM - Get Free Report) had its price target raised by stock analysts at Berenberg Bank from GBX 7,800 to GBX 8,300 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 7.22% from the company's previous close.

Wheaton Precious Metals Trading Up 0.8%

LON WPM traded up GBX 61.24 during trading hours on Thursday, reaching GBX 7,741.24. The company's stock had a trading volume of 1,427 shares, compared to its average volume of 3,314. The business has a 50-day simple moving average of GBX 7,174.15 and a 200 day simple moving average of GBX 6,515.18. Wheaton Precious Metals has a 52 week low of GBX 4,319 and a 52 week high of GBX 8,240. The stock has a market cap of £35.14 billion, a PE ratio of 4,459.24 and a beta of 0.70.

Wheaton Precious Metals Company Profile

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.