Wheaton Precious Metals (LON:WPM) Trading Up 0.2% – What’s Next?

Shares of Wheaton Precious Metals Corp. (LON:WPM) were up 0.2% during trading on Thursday . The stock traded as high as £109.50 and last traded at £108.24. Approximately 3,215 shares changed hands during trading, a decline of 58% from the average daily volume of 7,579 shares. The stock had previously closed at £108.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their target price 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 9,700.

Wheaton Precious Metals Stock Up 2.3%

The stock has a market capitalization of £50.17 billion, a P/E ratio of 50.16 and a beta of 0.70. The stock has a 50 day simple moving average of GBX 9,785.44 and a two-hundred day simple moving average of GBX 8,427.91.

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.