Wheaton Precious Metals (LON:WPM) Shares Down 4.2% – Here’s What Happened

Wheaton Precious Metals Corp. (LON:WPM) shares fell 4.2% on Wednesday . The company traded as low as GBX 7,935.14 and last traded at GBX 7,935.14. Approximately 2,487 shares were traded during trading, a decline of 68% from the average session volume of 7,706 shares. The stock had previously closed at GBX 8,280.

Analyst Ratings Changes

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

Wheaton Precious Metals Trading Down 4.2%

The business’s 50-day simple moving average is GBX 9,100.26 and its 200-day simple moving average is GBX 9,850.21. The company has a market capitalization of £36.04 billion, a PE ratio of 20.05 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.