Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High – Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as £117 and last traded at £112.07, with a volume of 24579 shares traded. The stock had previously closed at £107.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on shares of Wheaton Precious Metals from GBX 9,600 to GBX 9,700 and gave the stock a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus target price of GBX 9,700.

Wheaton Precious Metals Stock Up 4.3%

The stock has a market capitalization of £50.88 billion, a price-to-earnings ratio of 50.87 and a beta of 0.70. The stock’s 50-day simple moving average is GBX 8,989.77 and its 200 day simple moving average is GBX 8,021.97.

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.