Wheaton Precious Metals price target raised to $61 from $58 at Berenberg

Berenberg raised the firm’s price target on Wheaton Precious Metals to $61 from $58 and keeps a Buy rating on the shares. The firm says Wheaton is its favorite way to gain precious metals exposure from a risk perspective. The nature of the streaming business means that while Wheaton has operational and gold price exposure across its 14 streams, it does not have the additional risk of opex inflation, capex inflation or currency exposure, the analyst tells investors in a research note.