Berenberg Bank Boosts Wheaton Precious Metals (LON:WPM) Price Target to GBX 8,300

Wheaton Precious Metals (LON:WPM) had its price target hoisted by equities research analysts at Berenberg Bank from GBX 7,800 to GBX 8,300 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 5.40% from the stock’s current price.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at GBX 7,874.99 on Thursday. The company has a market capitalization of £35.75 billion, a price-to-earnings ratio of 4,536.28 and a beta of 0.70. The company has a 50-day simple moving average of GBX 7,122.62 and a 200 day simple moving average of GBX 6,473.86. Wheaton Precious Metals has a 52 week low of GBX 4,319 and a 52 week high of GBX 8,195.37.

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.