Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High - Here's What Happened

Key Points

• Wheaton Precious Metals reached a new 52-week high of GBX 7,280 ($96.67), reflecting a significant increase from its previous close of GBX 6,967.65 ($92.52).
• Berenberg Bank raised its price target for Wheaton Precious Metals from GBX 6,800 ($90.29) to GBX 7,200 ($95.60) and maintained a "buy" rating on the stock.
• The company boasts a market capitalization of £40.99 billion and has a P/E ratio of 67.25, indicating strong market positioning within the precious metals sector.

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 7,280 ($96.67) and last traded at GBX 7,280 ($96.67), with a volume of 1179 shares. The stock had previously closed at GBX 6,967.65 ($92.52).

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price target on shares of Wheaton Precious Metals from GBX 6,800 ($90.29) to GBX 7,200 ($95.60) and gave the stock a "buy" rating in a research report on Wednesday, July 2nd.

Wheaton Precious Metals Stock Up 4.8%

The company has a market capitalization of £40.99 billion, a P/E ratio of 67.25 and a beta of 0.70. The company's fifty day moving average price is GBX 6,673.91 and its 200 day moving average price is GBX 6,037.21.

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.

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