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

Wheaton Precious Metals Corp. (LON:WPM) shares reached a new 52-week high 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 traded. The stock had previously closed at GBX 5,500 ($69.17).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued 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 Performance

The company has a 50-day simple moving average of GBX 4,981.11 and a 200 day simple moving average of GBX 4,863.97. The company 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.