Wheaton Precious Metals (LON:WPM) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Wheaton Precious Metals (LON:WPM) in a research report sent to investors on Tuesday morning,London Stock Exchange reports. They currently have a £112 target price on the stock.

Wheaton Precious Metals Trading Down 1.0%

Shares of WPM opened at £101 on Tuesday. The firm’s 50-day moving average price is £104.60 and its 200-day moving average price is GBX 9,153.91. The firm has a market capitalization of £45.86 billion, a price-to-earnings ratio of 31.20 and a beta of 1.22. Wheaton Precious Metals has a 1-year low of GBX 5,444.25 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.