Berenberg Bank Reiterates “Buy” Rating for Wheaton Precious Metals (LON:WPM)

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 5,800 ($73.49) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 4.95% from the stock’s previous close.

Wheaton Precious Metals Price Performance

WPM stock opened at GBX 5,526.55 ($70.03) on Wednesday. Wheaton Precious Metals has a 12 month low of GBX 3,040 ($38.52) and a 12 month high of GBX 5,660 ($71.72). The firm has a market cap of £31.03 billion, a PE ratio of 50.91 and a beta of 0.70. The firm has a 50 day simple moving average of GBX 4,895.11 and a 200 day simple moving average of GBX 4,819.85.

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.