Stack Financial Management Inc Has $20.43 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Stack Financial Management Inc reduced its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 363,221 shares of the company’s stock after selling 3,420 shares during the quarter. Wheaton Precious Metals accounts for 1.9% of Stack Financial Management Inc’s holdings, making the stock its 23rd biggest position. Stack Financial Management Inc’s holdings in Wheaton Precious Metals were worth $20,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc increased its holdings in Wheaton Precious Metals by 172.5% in the fourth quarter. IFP Advisors Inc now owns 2,153 shares of the company’s stock worth $121,000 after purchasing an additional 1,363 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $1,601,000. Union Bancaire Privee UBP SA bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $791,000. Turning Point Benefit Group Inc. acquired a new position in shares of Wheaton Precious Metals during the 4th quarter valued at $3,250,000. Finally, Oxbow Advisors LLC lifted its position in shares of Wheaton Precious Metals by 423.7% during the 4th quarter. Oxbow Advisors LLC now owns 56,167 shares of the company’s stock valued at $3,159,000 after acquiring an additional 45,441 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Up 1.2 %

WPM stock opened at $68.87 on Tuesday. The firm has a market capitalization of $31.25 billion, a PE ratio of 51.40, a P/E/G ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $70.31. The stock’s 50 day moving average is $61.07 and its 200-day moving average is $61.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Finally, TD Securities upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals has an average rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals 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 2017. Wheaton Precious Metals Corp.