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Wheaton Precious Metals (LON:WPM) Sets New 1-Year High - Here's What Happened

Wheaton Precious Metals logo with Basic Materials background

Wheaton Precious Metals Corp. (LON:WPM - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 5,574.80 ($70.85) and last traded at GBX 5,466.04 ($69.46), with a volume of 2331 shares. The stock had previously closed at GBX 5,500 ($69.89).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 5,800 ($73.71) target price on shares of Wheaton Precious Metals in a research note on Wednesday, February 19th.

Get Our Latest Analysis on Wheaton Precious Metals

Wheaton Precious Metals Stock Up 7.1 %

The company has a market cap of £30.91 billion, a price-to-earnings ratio of 50.70 and a beta of 0.70. The stock's 50-day simple moving average is GBX 5,000.87 and its 200 day simple moving average is GBX 4,875.99.

About Wheaton Precious Metals

(Get Free Report)

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.

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