Wheaton Precious Metals (LON:WPM) Trading 0.2% Higher – Here’s Why

Wheaton Precious Metals Corp. (LON:WPM)’s share price shot up 0.2% during mid-day trading on Thursday . The company traded as high as £109.50 and last traded at £108.24. 3,215 shares were traded during trading, a decline of 58% from the average session volume of 7,579 shares. The stock had previously closed at £108.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on shares of Wheaton Precious Metals from GBX 9,600 to GBX 9,700 and gave the company a “buy” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 9,700.

Wheaton Precious Metals Stock Performance

The firm has a market cap of £50.17 billion, a P/E ratio of 50.16 and a beta of 0.70. The stock’s 50-day moving average is GBX 9,785.44 and its 200 day moving average is GBX 8,427.91.

Wheaton Precious Metals Company Profile

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.