Wheaton Precious Metals Corp 12.1% potential upside indicated by Berenberg Bank

Wheaton Precious Metals Corp with ticker (LON:WPM) now has a potential upside of 12.1% according to Berenberg Bank.

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Berenberg Bank set a target price of 5,200 GBX for the company, which when compared to the Wheaton Precious Metals Corp share price of 4,641 GBX at opening today (15/11/2024) indicates a potential upside of 12.1%. Trading has ranged between 3,040 (52 week low) and 5,625 (52 week high) with an average of 5,312 shares exchanging hands daily. The market capitalisation at the time of writing is £26,931,626,200.

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. It has entered into approximately 38 long-term agreements (30 of which are precious metal purchase agreements (PMPAs), three of which are early deposit PMPAs, and five of which are royalty agreements), with 32 different mining companies, related to precious metals and cobalt relating to 18 mining assets which are operating, 23 which are at various stages of development and four which have been placed into care and maintenance or have been closed, located in 16 countries. Its portfolio includes operating mines, and development projects & other. Its mineral stream interests (gold) include Salobo, Sudbury, Constancia, San Dimas, Stillwater and others. The Company’s mineral stream interests (silver) include Penasquito, Antamina, Constancia and others.