Wheaton Precious Metals (LON:WPM) Shares Down 1.9% – Here’s Why

Wheaton Precious Metals Corp. (LON:WPM)’s stock price was down 1.9% during trading on Tuesday . The stock traded as low as GBX 8,800 and last traded at GBX 8,903.55. 5,872 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 7,840 shares. The stock had previously closed at GBX 9,080.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price objective on Wheaton Precious Metals from £112 to £117 and gave the company a “buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of £117.

Wheaton Precious Metals Stock Down 1.9%

The company has a market cap of £40.43 billion, a PE ratio of 22.50 and a beta of 1.16. The stock has a 50-day simple moving average of GBX 9,717.62 and a 200 day simple moving average of GBX 9,874.96.

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.