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

Wheaton Precious Metals Corp. (LON:WPM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 5,574.80 ($70.11) and last traded at GBX 5,466.04 ($68.75), with a volume of 2331 shares changing hands. The stock had previously closed at GBX 5,500 ($69.17).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 5,800 ($72.95) price target on shares of Wheaton Precious Metals in a research report on Wednesday, February 19th.

Wheaton Precious Metals Stock Down 2.0 %

The business’s 50 day moving average is GBX 4,981.11 and its two-hundred day moving average is GBX 4,863.97. The firm has a market capitalization of £30.15 billion, a P/E ratio of 49.46 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.