Vanguard Personalized Indexing Management LLC cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,929 shares of the company’s stock after selling 1,000 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Wheaton Precious Metals were worth $362,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in WPM. Atlas Capital Advisors LLC bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Wheaton Precious Metals by 54.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after acquiring an additional 280 shares during the last quarter. Mechanics Financial Corp increased its stake 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 during the last quarter. Newbridge Financial Services Group Inc. increased 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 valued at $48,000 after acquiring an additional 328 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $55,000. 58.51% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on WPM shares. Raymond James lifted their price objective on shares of Wheaton Precious Metals from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. BMO Capital Markets decreased their target price on shares of 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. TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, CIBC boosted their target price on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average target price of $62.73.
Check Out Our Latest Research Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Up 0.2 %
WPM stock opened at $44.41 on Friday. The firm has a market cap of $20.12 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 8.84 and a beta of 0.80. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $52.76. The company’s fifty day simple moving average is $47.50 and its 200 day simple moving average is $44.93.
Wheaton Precious Metals Company Profile
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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