Berenberg Bank Has Lowered Expectations for Wheaton Precious Metals (LON:WPM) Stock Price

Wheaton Precious Metals (LON:WPM) had its target price decreased by stock analysts at Berenberg Bank from £119 to £117 in a research note issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 39.29% from the company’s current price.

Wheaton Precious Metals Price Performance

LON WPM opened at GBX 8,400 on Tuesday. The company’s fifty day moving average is GBX 8,779.12 and its two-hundred day moving average is GBX 9,798.89. Wheaton Precious Metals has a 52-week low of GBX 6,700 and a 52-week high of £128.75. The firm has a market capitalization of £38.15 billion, a price-to-earnings ratio of 21.23 and a beta of 1.19.

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.