Berenberg Bank Cuts Wheaton Precious Metals (LON:WPM) Price Target to £117

Wheaton Precious Metals (LON:WPM) had its target price reduced by investment analysts at Berenberg Bank from £119 to £117 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 39.29% from the company’s current price.

Wheaton Precious Metals Price Performance

WPM opened at GBX 8,400 on Tuesday. The company has a market capitalization of £38.15 billion, a PE ratio of 21.23 and a beta of 1.19. Wheaton Precious Metals has a fifty-two week low of GBX 6,700 and a fifty-two week high of £128.75. The business has a 50-day moving average of GBX 8,779.12 and a 200-day moving average of GBX 9,798.89.

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.