Fmr LLC trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 7.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,139,264 shares of the company’s stock after selling 1,353,337 shares during the quarter. Fmr LLC owned 3.56% of Wheaton Precious Metals worth $654,958,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of WPM. Mirae Asset Global Investments Co. Ltd. raised its position in Wheaton Precious Metals by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock valued at $301,893,000 after buying an additional 361,138 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Wheaton Precious Metals by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 481,497 shares of the company’s stock worth $22,909,000 after acquiring an additional 4,497 shares during the period. US Bancorp DE grew its stake in shares of Wheaton Precious Metals by 4.9% during the 1st quarter. US Bancorp DE now owns 11,778 shares of the company’s stock worth $561,000 after acquiring an additional 551 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Wheaton Precious Metals by 21.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,122 shares of the company’s stock worth $957,000 after acquiring an additional 3,535 shares during the period. Finally, BlackRock Inc. boosted its stake in Wheaton Precious Metals by 245.5% in the 1st quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock worth $120,401,000 after purchasing an additional 1,798,086 shares during the period. 58.51% of the stock is owned by hedge funds and other institutional investors.
Wheaton Precious Metals Stock Up 0.2 %
NYSE WPM opened at $44.41 on Monday. Wheaton Precious Metals Corp. has a twelve month low of $38.37 and a twelve month high of $52.76. The firm has a market capitalization of $20.12 billion, a PE ratio of 37.32, a P/E/G ratio of 8.84 and a beta of 0.80. The stock’s 50 day moving average is $47.50 and its 200 day moving average is $44.95.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on WPM. CIBC raised their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Raymond James raised their price objective on Wheaton Precious Metals from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, January 12th. BMO Capital Markets decreased their price target on Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Finally, TheStreet cut Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.73.
View Our Latest Stock Analysis on WPM
About Wheaton Precious Metals
Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 10, 2017. Wheaton Precious Metals Corp.
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