Wheaton Precious Metals (LON:WPM) Price Target Raised to GBX 7,200

Wheaton Precious Metals (LON:WPM) had its price objective hoisted by Berenberg Bank from GBX 6,800 ($92.81) to GBX 7,200 ($98.27) in a report issued on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Wheaton Precious Metals Trading Up 1.0%

LON WPM opened at GBX 6,617.32 ($90.31) on Wednesday. The firm’s fifty day simple moving average is GBX 6,412.98 and its two-hundred day simple moving average is GBX 5,719.22. Wheaton Precious Metals has a 12-month low of GBX 4,153.80 ($56.69) and a 12-month high of GBX 7,029.37 ($95.94). The firm has a market capitalization of £37.16 billion, a P/E ratio of 60.96 and a beta of 0.70.

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.