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July 4, 2024
PI Global Investments
Precious Metals

Wheaton Precious Metals (LON:WPM) Sets New 12-Month Low Following Analyst Downgrade


Wheaton Precious Metals Corp. (LON:WPMGet Free Report)’s stock price hit a new 52-week low during trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 4,500 to GBX 4,100. Berenberg Bank currently has a buy rating on the stock. Wheaton Precious Metals traded as low as GBX 3,110 ($39.16) and last traded at GBX 3,167.30 ($39.88), with a volume of 3080 shares changing hands. The stock had previously closed at GBX 3,200 ($40.29).

Wheaton Precious Metals Price Performance

The business’s 50-day moving average price is GBX 3,716.28 and its two-hundred day moving average price is GBX 3,586.72. The firm has a market cap of £14.38 billion, a price-to-earnings ratio of 3,377.66 and a beta of 0.62.

Wheaton Precious Metals Company Profile

(Get Free Report)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 10, 2017. Wheaton Precious Metals Corp.

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