Wheaton Precious Metals (LON:WPM) Trading Up 1.3% – Still a Buy?

Shares of Wheaton Precious Metals Corp. (LON:WPM) were up 1.3% during trading on Tuesday . The stock traded as high as £115.50 and last traded at £114.51. Approximately 2,599 shares were traded during trading, a decline of 62% from the average session volume of 6,894 shares. The stock had previously closed at £113.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price target on shares of Wheaton Precious Metals from £119 to £117 and set a “buy” rating on the stock in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of £117.

Wheaton Precious Metals Stock Down 2.2%

The company has a 50 day simple moving average of GBX 9,551.83 and a 200 day simple moving average of GBX 9,802.26. The company has a market capitalization of £51.32 billion, a price-to-earnings ratio of 25.07 and a beta of 1.19.

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.