Wheaton Precious Metals (LON:WPM) Given New £133 Price Target at Berenberg Bank

Wheaton Precious Metals (LON:WPM) had its price target lifted by Berenberg Bank from £121 to £133 in a research note released on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

Wheaton Precious Metals Stock Performance

WPM opened at £110.50 on Thursday. The stock has a 50-day moving average of £103.31 and a 200-day moving average of GBX 8,726.34. Wheaton Precious Metals has a 52-week low of GBX 5,211 and a 52-week high of £128.75. The company has a market cap of £50.17 billion, a PE ratio of 50.16 and a beta of 0.70.

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.