Wheaton Precious Metals (LON:WPM) Price Target Raised to £133

Wheaton Precious Metals (LON:WPM) had its target price hoisted by Berenberg Bank from £121 to £133 in a report published on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Wheaton Precious Metals Price Performance

WPM stock opened at £110.46 on Thursday. The company has a market cap of £50.15 billion, a P/E ratio of 50.14 and a beta of 1.11. The stock’s fifty day moving average price is £103.72 and its 200-day moving average price is GBX 8,769.12. Wheaton Precious Metals has a 1 year low of GBX 5,211 and a 1 year high of £128.75.

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.