Wheaton Precious Metals (LON:WPM) Trading Down 2.6% - Time to Sell?

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) was down 2.6% during mid-day trading on Tuesday . The company traded as low as GBX 6,680 ($89.70) and last traded at GBX 6,680 ($89.70). Approximately 1,315 shares were traded during trading, a decline of 61% from the average daily volume of 3,343 shares. The stock had previously closed at GBX 6,860 ($92.12).

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price objective on shares of Wheaton Precious Metals from GBX 6,800 ($91.31) to GBX 7,200 ($96.68) and gave the company a "buy" rating in a report on Wednesday, July 2nd.

Wheaton Precious Metals Stock Up 1.1%

The company has a market capitalization of £37.13 billion, a P/E ratio of 60.92 and a beta of 0.70. The business's 50-day moving average is GBX 6,492.77 and its two-hundred day moving average is GBX 5,843.61.

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.