Wheaton Precious Metals (LON:WPM) Stock Price Down 4.7% - What's Next?

Key Points

• Shares fell 4.7% to GBX 9,581.29 on Tuesday with only about 4,850 shares traded, a 43% drop from the average daily volume, after a prior close of £100.50.
• Berenberg Bank reiterated a "Buy" rating and a £112 price target; MarketBeat shows a consensus "Buy" rating with an average target of £112.
• Wheaton Precious Metals is a precious-metals streaming company with a market cap of £43.50 billion, a P/E of 29.60, and 50‑ and 200‑day moving averages reported at £105.29 and GBX 9,424.58 respectively.

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) shares were down 4.7% on Tuesday . The stock traded as low as GBX 9,581.29 and last traded at GBX 9,581.29. Approximately 4,850 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 8,461 shares. The stock had previously closed at £100.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a £112 price target on shares of Wheaton Precious Metals in a research report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average target price of £112.

Wheaton Precious Metals Stock Down 4.7%

The stock has a market cap of £43.50 billion, a P/E ratio of 29.60 and a beta of 1.22. The business has a 50 day moving average price of £105.29 and a two-hundred day moving average price of GBX 9,424.58.

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. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.