Mn Services Vermogensbeheer B.V. Boosts Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Mn Services Vermogensbeheer B.V. lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 176,630 shares of the company’s stock after purchasing an additional 2,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Wheaton Precious Metals were worth $9,937,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position 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 worth $58,422,000 after purchasing an additional 36,970 shares during the last quarter. Swiss National Bank raised its position in shares of Wheaton Precious Metals by 0.8% during the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock worth $83,854,000 after purchasing an additional 10,600 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth about $1,287,000. CWA Asset Management Group LLC raised its position in shares of Wheaton Precious Metals by 19.7% during the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock worth $9,196,000 after purchasing an additional 26,924 shares during the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Wheaton Precious Metals by 48.1% during the 3rd quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company’s stock worth $91,683,000 after purchasing an additional 487,190 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $69.07 on Friday. The company has a 50 day simple moving average of $61.73 and a 200-day simple moving average of $61.87. The company has a market capitalization of $31.34 billion, a P/E ratio of 51.55, a P/E/G ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1 year low of $40.50 and a 1 year high of $70.80.

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 2017. Wheaton Precious Metals Corp.