Berenberg Bank Increases Wheaton Precious Metals (LON:WPM) Price Target to £133

Wheaton Precious Metals (LON:WPM) had its price target lifted by Berenberg Bank from £121 to £133 in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 20.40% from the company’s previous close.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at £110.46 on Thursday. Wheaton Precious Metals has a 1 year low of GBX 5,211 and a 1 year high of £128.75. The firm’s 50-day moving average is £103.72 and its 200-day moving average is GBX 8,755.48. The company has a market cap of £50.15 billion, a P/E ratio of 50.14 and a beta of 1.11.

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. 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.