Wheaton Precious Metals Corp 19.2% potential upside indicated by Berenberg Bank

Wheaton Precious Metals Corp with ticker (LON:WPM) now has a potential upside of 19.2% according to Berenberg Bank.

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Berenberg Bank set a target price of 5,100 GBX for the company, which when compared to the Wheaton Precious Metals Corp share price of 4,279 GBX at opening today (06/06/2024) indicates a potential upside of 19.2%. Trading has ranged between 3,040 (52 week low) and 4,956 (52 week high) with an average of 1,940 shares exchanging hands daily. The market capitalisation at the time of writing is £24,413,894,038.

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company is primarily engaged in the sale of precious metals, including gold, silver, palladium, and cobalt. It has streaming agreements for about 19 operating mines and 13 development stage projects. Its operating assets include Salobo mine (Salobo), Antamina, Penasquito, Constancia, Sudbury, Stillwater, San Dimas, Voisey’s Bay, Other Gold, and Other Silver. Its development assets include Blackwater Project, Marmato Mine, Copper World Complex, Goose Project, and Curipamba Project, and others. The Salobo is the copper deposit located in Brazil. Salobo is an integrated operation of open pit mining, mineral processing beneficiation, concentrate loading and transportation. The Antamina mine is a copper mine. The Antamina mine is located in the Andes Mountain range of Peru at an average elevation of 4,200 meters. The Penasquito is a gold mine and silver mine as well as the producers of zinc and lead.