Wheaton Precious Metals (LON:WPM) Hits New 52-Week High - What's Next?

Key Points

• Wheaton Precious Metals Corp. reached a new 52-week high, trading at GBX 8,220 ($110.74), with its last recorded price at GBX 7,933.22 ($106.87).
• Berenberg Bank raised their price target for Wheaton Precious Metals from GBX 7,800 to GBX 8,300, maintaining a "buy" rating on the stock.
• The company's market capitalization stands at £36.01 billion, with a price-to-earnings ratio of 4,569.83, indicating a significant growth potential in the precious metals sector.

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as GBX 8,220 ($111.10) and last traded at GBX 7,933.22 ($107.22), with a volume of 3692 shares changing hands. The stock had previously closed at GBX 7,879.39 ($106.49).

Analyst Upgrades and Downgrades

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

Wheaton Precious Metals Stock Up 0.3%

The firm's 50 day simple moving average is GBX 7,266.76 and its 200 day simple moving average is GBX 6,590.22. The company has a market capitalization of £36.13 billion, a PE ratio of 4,585.25 and a beta of 0.70.

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.