Wheaton Precious Metals (LON:WPM) Hits New 52-Week High – Still a Buy?

Wheaton Precious Metals Corp. (LON:WPM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 8,737.35 and last traded at GBX 8,737.35, with a volume of 5477 shares traded. The stock had previously closed at GBX 8,500.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from GBX 9,600 to GBX 9,700 and gave the company a “buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 9,700.

Wheaton Precious Metals Price Performance

The company’s 50 day moving average price is GBX 7,833.32 and its 200 day moving average price is GBX 7,337.80. The firm has a market capitalization of £39.67 billion, a P/E ratio of 39.66 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.