Wheaton Precious Metals (LON:WPM) Hits New 12-Month High – Here’s What Happened

Wheaton Precious Metals Corp. (LON:WPM) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 5,660 ($71.22) and last traded at GBX 5,526.55 ($69.54), with a volume of 2953 shares changing hands. The stock had previously closed at GBX 5,400 ($67.95).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 5,800 ($72.98) price objective on shares of Wheaton Precious Metals in a report on Wednesday.

Wheaton Precious Metals Price Performance

The stock’s fifty day moving average is GBX 4,882.78 and its 200-day moving average is GBX 4,814.90. The stock has a market cap of £31.03 billion, a PE ratio of 50.91 and a beta of 0.70.

About Wheaton Precious Metals

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal.