Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High – Here’s What Happened

Shares of Wheaton Precious Metals Corp. (LON:WPM) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 8,820 ($117.49) and last traded at GBX 8,820 ($117.49), with a volume of 1417 shares trading hands. The stock had previously closed at GBX 8,260 ($110.03).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from GBX 8,300 to GBX 9,600 and gave the company a “buy” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 9,600.

Wheaton Precious Metals Stock Performance

The company has a market capitalization of £39.49 billion, a P/E ratio of 5,011.52 and a beta of 0.70. The business’s fifty day simple moving average is GBX 7,634.73 and its 200-day simple moving average is GBX 6,845.24.

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.