Berenberg Bank Raises Wheaton Precious Metals (LON:WPM) Price Target to GBX 7,800

Key Points

• Berenberg Bank has raised its price target for Wheaton Precious Metals from GBX 7,200 ($96.80) to GBX 7,800 ($104.87), suggesting a potential upside of 5.98% from the current price.
• The stock is currently priced at GBX 7,360 ($98.95) but has seen a 3.0% decline recently.
• Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, emphasizing lower risk compared to traditional mining firms.

Wheaton Precious Metals (LON:WPM - Get Free Report) had its target price increased by equities research analysts at Berenberg Bank from GBX 7,200 ($97.77) to GBX 7,800 ($105.92) in a research note issued on Friday, Marketbeat reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 12.41% from the stock's current price.

Wheaton Precious Metals Trading Down 0.7%

Shares of WPM traded down GBX 51.16 ($0.69) during midday trading on Friday, reaching GBX 6,938.84 ($94.23). 1,831 shares of the stock were exchanged, compared to its average volume of 3,228. Wheaton Precious Metals has a 52 week low of GBX 4,300 ($58.39) and a 52 week high of GBX 7,760 ($105.38). The company's 50 day moving average is GBX 6,803.58 and its two-hundred day moving average is GBX 6,159.33. The company has a market capitalization of £38.96 billion, a P/E ratio of 63.93 and a beta of 0.70.

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.