Wheaton Precious Metals (LON:WPM) Shares Down 2.4% – Should You Sell?

Shares of Wheaton Precious Metals Corp. (LON:WPM) dropped 2.4% during mid-day trading on Monday . The stock traded as low as GBX 9,360 and last traded at GBX 9,500. Approximately 1,462 shares changed hands during trading, a decline of 82% from the average daily volume of 8,069 shares. The stock had previously closed at GBX 9,730.54.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their target price on shares of Wheaton Precious Metals from £112 to £117 and gave the stock a “buy” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Buy” and an average price target of £117.

Wheaton Precious Metals Stock Down 2.4%

The company has a market cap of £43.14 billion, a PE ratio of 29.35 and a beta of 1.18. The business has a 50-day simple moving average of GBX 9,961.09 and a 200-day simple moving average of GBX 9,756.85.

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.