Wheaton Precious Metals (LON:WPM) Shares Climb 0.5% – Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM)’s stock price rose 0.5% during trading on Thursday. The stock traded as high as £102.50 and last traded at £101.03. Approximately 3,319 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 6,484 shares. The stock had previously closed at £100.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a £117 price objective on shares of Wheaton Precious Metals in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of £117.

Wheaton Precious Metals Price Performance

The stock has a market cap of £47.56 billion, a price-to-earnings ratio of 23.23 and a beta of 1.19. The business’s 50 day moving average is £106.49 and its 200 day moving average is GBX 9,778.84.

About Wheaton Precious Metals

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.