Y Intercept Hong Kong Ltd Buys New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

Y Intercept Hong Kong Ltd bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, HoldingsChannel.com reports. The fund bought 28,460 shares of the company’s stock, valued at approximately $1,601,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Wheaton Precious Metals by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock valued at $58,422,000 after purchasing an additional 36,970 shares during the last quarter. Swiss National Bank grew its holdings in Wheaton Precious Metals by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock worth $83,854,000 after acquiring an additional 10,600 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Wheaton Precious Metals in the 3rd quarter worth $1,287,000. CWA Asset Management Group LLC grew its holdings in Wheaton Precious Metals by 19.7% in the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock worth $9,196,000 after acquiring an additional 26,924 shares during the last quarter. Finally, King Luther Capital Management Corp grew its holdings in Wheaton Precious Metals by 48.1% in the 3rd quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company’s stock worth $91,683,000 after acquiring an additional 487,190 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WPM shares. UBS Group started coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. TD Securities raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Trading Up 0.2 %

Shares of WPM opened at $68.95 on Wednesday. The firm’s 50-day moving average price is $61.25 and its 200-day moving average price is $61.76. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 51.46, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $70.31.

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.