Wheaton Precious Metals’ (WPM) Buy Rating Reiterated at Berenberg Bank

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a note issued to investors on Wednesday, MarketBeat.com reports. They presently have a GBX 5,800 ($72.98) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 4.95% from the company’s current price.

Wheaton Precious Metals Stock Up 2.3 %

Shares of LON WPM traded up GBX 126.55 ($1.59) during midday trading on Wednesday, hitting GBX 5,526.55 ($69.54). 2,953 shares of the company’s stock were exchanged, compared to its average volume of 2,293. Wheaton Precious Metals has a 12 month low of GBX 3,040 ($38.25) and a 12 month high of GBX 5,660 ($71.22). The company’s 50 day moving average price is GBX 4,882.78 and its 200 day moving average price is GBX 4,814.90. The firm has a market capitalization of £31.03 billion, a PE ratio of 50.91 and a beta of 0.70.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.