Wheaton Precious Metals (LON:WPM) Hits New 1-Year High - Here's Why

Key Points

• Wheaton Precious Metals reached a new 52-week high of GBX 8,780.24 ($117.89) during trading, with a trading volume of 1,232 shares.
• Berenberg Bank raised its target price on Wheaton Precious Metals from GBX 7,800 to GBX 8,300, maintaining a "buy" rating for the stock.
• The company has a market capitalization of £39.01 billion and operates with a much lower risk profile compared to traditional mining companies.

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 8,780.24 ($117.89) and last traded at GBX 8,780.24 ($117.89), with a volume of 1232 shares traded. The stock had previously closed at GBX 8,180 ($109.83).

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from GBX 7,800 to GBX 8,300 and gave the stock a "buy" rating in a report on Thursday, September 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and an average price target of GBX 8,300.

Wheaton Precious Metals Price Performance

The stock's fifty day moving average price is GBX 7,544.52 and its 200-day moving average price is GBX 6,771.12. The firm has a market cap of £39.01 billion, a price-to-earnings ratio of 4,949.65 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.

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