Berenberg Bank Raises Wheaton Precious Metals Price Target to £133

Analysts see potential 20% upside for the precious metals streaming company

Published on Mar. 5, 2026

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Berenberg Bank has increased its price target for Wheaton Precious Metals (LON:WPM) from £121 to £133, maintaining a "buy" rating on the stock. The analysts believe the precious metals streaming company has potential upside of over 20% from its current trading price.

Why it matters

Wheaton Precious Metals is a major player in the precious metals streaming industry, providing financing to mining companies in exchange for a percentage of their future production. Positive analyst sentiment and an increased price target could signal confidence in the company's growth prospects and ability to capitalize on rising commodity prices.

The details

In a research note, Berenberg Bank cited Wheaton Precious Metals' strong portfolio of long-life, low-cost assets as the basis for their increased price target. The company's business model, which offers investors exposure to commodity prices and exploration upside with lower risk than traditional mining companies, has helped it consistently outperform gold and silver as well as other mining investments.

  • Berenberg Bank issued the updated price target and rating on Thursday, March 5, 2026.

The players

Wheaton Precious Metals

A leading precious metals streaming company with a portfolio of long-life, low-cost assets.

Berenberg Bank

A German investment bank that has issued a "buy" rating and increased its price target for Wheaton Precious Metals.

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The takeaway

Wheaton Precious Metals' unique business model and strong asset portfolio continue to attract positive analyst sentiment, with Berenberg Bank's increased price target signaling confidence in the company's ability to deliver returns for investors even in a volatile precious metals market.