Wheaton Precious Metals (LON:WPM) Reaches New 12-Month High - What's Next?

Key Points

• Wheaton Precious Metals reached a new 12-month high share price of GBX 8,240 ($112.09) during trading, indicating significant market interest.
• Berenberg Bank has raised their target price on shares of Wheaton Precious Metals from GBX 7,800 to GBX 8,300, maintaining a "buy" rating on the stock.
• The company has a market cap of £35.68 billion and a price-to-earnings ratio of 4,527.65, reflecting its robust financial standing.

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 8,240 ($112.09) and last traded at GBX 8,080 ($109.92), with a volume of 718 shares. The stock had previously closed at GBX 7,940 ($108.01).

Analysts Set New Price Targets

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

Wheaton Precious Metals Price Performance

The company's fifty day simple moving average is GBX 7,147.31 and its two-hundred day simple moving average is GBX 6,506.82. The stock has a market cap of £35.68 billion, a price-to-earnings ratio of 4,527.65 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.

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