Wheaton Precious Metals (LON:WPM) Hits New 12-Month High – Still a Buy?

Wheaton Precious Metals Corp. (LON:WPM) shares hit a new 52-week high on Wednesday . The stock traded as high as £107 and last traded at GBX 9,899.10, with a volume of 4770 shares traded. The stock had previously closed at GBX 9,840.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price objective on Wheaton Precious Metals from GBX 9,600 to GBX 9,700 and gave the company a “buy” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target of GBX 9,700.

Wheaton Precious Metals Price Performance

The business’s fifty day simple moving average is GBX 8,606.01 and its two-hundred day simple moving average is GBX 7,804.28. The company has a market cap of £45.82 billion, a PE ratio of 45.81 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. 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.