Wheaton Precious Metals (LON:WPM) Earns Buy Rating from Berenberg Bank

Wheaton Precious Metals (LON:WPM)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Monday, MarketBeat Ratings reports. They currently have a GBX 5,900 ($76.70) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 2.43% from the company’s current price.

Wheaton Precious Metals Price Performance

Shares of LON:WPM opened at GBX 5,760 ($74.88) on Monday. The firm has a market capitalization of £32.34 billion, a PE ratio of 53.07 and a beta of 0.70. The firm’s 50-day moving average is GBX 5,198.38 and its two-hundred day moving average is GBX 4,940.70. Wheaton Precious Metals has a 1 year low of GBX 3,367.50 ($43.78) and a 1 year high of GBX 6,011.84 ($78.16).

Wheaton Precious Metals Company Profile

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.