Wheaton Precious Metals (LON:WPM) Reaches New 52-Week High – What’s Next?

Wheaton Precious Metals Corp. (LON:WPM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 9,400 and last traded at GBX 9,279.74, with a volume of 813 shares changing hands. The stock had previously closed at GBX 8,980.

Analyst Upgrades and Downgrades

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

Wheaton Precious Metals Price Performance

The company’s 50 day simple moving average is GBX 8,013.57 and its 200 day simple moving average is GBX 7,536.90. The company has a market capitalization of £42.04 billion, a PE ratio of 42.03 and a beta of 0.70.

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.