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London
May 22, 2024
PI Global Investments
Precious Metals

Gotham Asset Management LLC Lowers Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)



Gotham Asset Management LLC cut its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 75.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,786 shares of the company’s stock after selling 68,423 shares during the period. Gotham Asset Management LLC’s holdings in Wheaton Precious Metals were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Atlas Capital Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Wheaton Precious Metals by 54.7% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after buying an additional 280 shares during the period. Mechanics Financial Corp raised its holdings in Wheaton Precious Metals by 200.0% in the third quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after acquiring an additional 600 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Wheaton Precious Metals by 38.6% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock worth $48,000 after acquiring an additional 328 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 58.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Berenberg Bank cut their price target on Wheaton Precious Metals from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a report on Friday, November 10th. Raymond James cut their price target on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Thursday, February 22nd. Scotiabank decreased their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Jefferies Financial Group began coverage on Wheaton Precious Metals in a research report on Thursday, February 29th. They issued a “buy” rating and a $49.00 target price for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Hold” and a consensus price target of $60.50.

View Our Latest Stock Analysis on WPM

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $44.71 on Friday. The stock has a fifty day moving average price of $45.34 and a 200 day moving average price of $44.81. Wheaton Precious Metals Corp. has a 1-year low of $38.37 and a 1-year high of $52.76. The company has a market cap of $20.26 billion, a PE ratio of 37.57, a P/E/G ratio of 9.22 and a beta of 0.76.

Wheaton Precious Metals Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)



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