Wheaton Precious Metals (LON:WPM) Reaches New 1-Year High – Time to Buy?

Wheaton Precious Metals Corp. (LON:WPM)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 5,574.80 ($70.70) and last traded at GBX 5,466.04 ($69.32), with a volume of 2331 shares. The stock had previously closed at GBX 5,500 ($69.75).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,800 ($73.56) price objective on shares of Wheaton Precious Metals in a research report on Wednesday, February 19th.

Wheaton Precious Metals Stock Performance

The stock has a 50 day simple moving average of GBX 4,946.92 and a two-hundred day simple moving average of GBX 4,853.27. The firm has a market cap of £30.69 billion, a PE ratio of 50.36 and a beta of 0.70.

Wheaton Precious Metals Company Profile

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.