Wheaton Precious Metals price target raised to $61 from $57 at Berenberg

Berenberg analyst Richard Hatch raised the firm’s price target on Wheaton Precious Metals to $61 from $57 and keeps a Buy rating on the shares. The analyst believes Wheaton remains one of the “lowest-risk ways “to invest in precious metals prices. While Wheaton trades at a premium to gold and silver producers, due to the nature of the streaming business, its attractive diversification across multiple streams, as well as its geographical diversification, is attractive to investors, the analyst tells investors in a research note