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, trading at GBX 8,820 ($117.49), up from a previous closing price of GBX 8,260 ($110.03).
• Analyst ratings have improved, with Berenberg Bank raising the target price to GBX 9,600 and maintaining a "buy" rating for the stock.
• The company boasts a market capitalization of £39.49 billion and a low-risk profile compared to traditional mining companies, providing leverage to commodity prices.

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 8,820 ($117.49) and last traded at GBX 8,820 ($117.49), with a volume of 1417 shares changing hands. The stock had previously closed at GBX 8,260 ($110.03).

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on shares of Wheaton Precious Metals from GBX 8,300 to GBX 9,600 and gave the stock a "buy" rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average target price of GBX 9,600.

Wheaton Precious Metals Trading Up 5.3%

The company's 50 day moving average price is GBX 7,634.73 and its two-hundred day moving average price is GBX 6,845.24. The firm has a market cap of £39.49 billion, a PE ratio of 5,011.52 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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