Wheaton Precious Metals (LON:WPM) Sets New 52-Week High - Still a Buy?

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.

Shares of Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 7,280 ($97.90) and last traded at GBX 7,280 ($97.90), with a volume of 1179 shares. The stock had previously closed at GBX 6,967.65 ($93.70).

Analyst Ratings Changes

Separately, Berenberg Bank boosted their target price on Wheaton Precious Metals from GBX 6,800 ($91.45) to GBX 7,200 ($96.83) and gave the stock a "buy" rating in a research report on Wednesday, July 2nd.

Wheaton Precious Metals Trading Up 2.9%

The business has a 50 day moving average of GBX 6,754.78 and a 200-day moving average of GBX 6,091.60. The stock has a market cap of £42.34 billion, a PE ratio of 69.46 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.