Berenberg Bank Reiterates Buy Rating for Wheaton Precious Metals (LON:WPM)
Wheaton Precious Metals (LON:WPM – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a GBX 5,100 ($64.82) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 17.24% from the stock’s previous close.
Wheaton Precious Metals Price Performance
LON:WPM opened at GBX 4,350 ($55.29) on Tuesday. The firm has a market capitalization of £19.71 billion, a price-to-earnings ratio of 4,627.66 and a beta of 0.66. Wheaton Precious Metals has a 1 year low of GBX 3,040 ($38.64) and a 1 year high of GBX 4,956.15 ($62.99). The business has a 50 day simple moving average of GBX 4,037.64 and a 200-day simple moving average of GBX 3,789.56.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.
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