Wheaton Precious Metals (LON:WPM) Stock Price Down 2.8% – Time to Sell?

Wheaton Precious Metals Corp. (LON:WPM)’s stock price fell 2.8% on Tuesday . The stock traded as low as GBX 9,680 and last traded at GBX 9,772.21. 4,276 shares changed hands during trading, a decline of 40% from the average session volume of 7,090 shares. The stock had previously closed at £100.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price target on shares of Wheaton Precious Metals from £119 to £117 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus target price of £117.

Wheaton Precious Metals Stock Performance

The business’s fifty day moving average price is GBX 8,783.81 and its 200-day moving average price is GBX 9,689.08. The stock has a market cap of £50.05 billion, a PE ratio of 27.85 and a beta of 1.19.

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.