Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High - Time to Buy?

Key Points

• Wheaton Precious Metals Corp. reached a new 52-week high of GBX 7,840 ($105.87) during trading on Monday, closing at GBX 7,445 ($100.54).
• Berenberg Bank raised its target price for the stock from GBX 7,200 to GBX 7,800 and reaffirmed a "buy" rating, contributing to a consensus rating of "Buy" for the stock.
• The company's market capitalization is £33.79 billion, with a PE ratio of 5,466.23 and a beta of 0.70, indicating a relatively low volatility compared to the market.

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 7,840 ($105.87) and last traded at GBX 7,445 ($100.54), with a volume of 1211 shares traded. The stock had previously closed at GBX 7,396.07 ($99.88).

Analyst Ratings Changes

Separately, Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from GBX 7,200 to GBX 7,800 and gave the company a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 7,800.

Wheaton Precious Metals Stock Up 0.7%

The firm has a market capitalization of £33.79 billion, a PE ratio of 5,466.23 and a beta of 0.70. The stock has a 50-day moving average price of GBX 6,891.46 and a 200 day moving average price of GBX 6,328.31.

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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