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

Key Points

• Berenberg Bank reiterated a "buy" rating on Wheaton Precious Metals with a £112 price target, implying about a 10.89% upside from the prior close.
• The stock traded down ~1% to £101 on Tuesday with 5,173 shares changing hands (versus an average of 8,860), and the company has a market cap of £45.86 billion and a PE ratio of 31.20.
• Wheaton is the world's leading precious metals streaming company, noted for its high cash operating margins, lower-risk exposure to commodity prices, and a history of paying a competitive dividend while pursuing growth.

Wheaton Precious Metals (LON:WPM - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Berenberg Bank in a research report issued on Tuesday,London Stock Exchange reports. They currently have a £112 price target 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 Trading Down 1.0%

Shares of WPM traded down GBX 100 during trading hours on Tuesday, reaching £101. 5,173 shares of the company's stock traded hands, compared to its average volume of 8,860. The stock has a market cap of £45.86 billion, a PE ratio of 31.20 and a beta of 1.11. The firm's 50 day simple moving average is £104.71 and its 200-day simple moving average is GBX 9,138.56. Wheaton Precious Metals has a 12 month low of GBX 5,444.25 and a 12 month high of £128.75.

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. 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.

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