Wheaton Precious Metals (LON:WPM) Trading Down 2.6% - Here's What Happened

Shares of Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) fell 2.6% during mid-day trading on Tuesday . The company traded as low as GBX 6,680 ($89.66) and last traded at GBX 6,680 ($89.66). 1,315 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 3,343 shares. The stock had previously closed at GBX 6,860 ($92.08).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from GBX 6,800 ($91.28) to GBX 7,200 ($96.64) and gave the stock a "buy" rating in a research report on Wednesday, July 2nd.

Wheaton Precious Metals Stock Performance

The firm has a market cap of £37.06 billion, a P/E ratio of 60.80 and a beta of 0.70. The firm's fifty day moving average is GBX 6,495.77 and its 200 day moving average is GBX 5,858.37.

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.