Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 58,079 shares of the company’s stock after buying an additional 3,029 shares during the quarter. Metis Global Partners LLC’s holdings in Wheaton Precious Metals were worth $3,269,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WPM. Assenagon Asset Management S.A. increased its stake in Wheaton Precious Metals by 12.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 19,007 shares of the company’s stock worth $1,162,000 after buying an additional 2,157 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Wheaton Precious Metals by 27.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,782 shares of the company’s stock worth $3,102,000 after buying an additional 11,064 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Wheaton Precious Metals by 6.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 14,538 shares of the company’s stock worth $888,000 after buying an additional 838 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Wheaton Precious Metals by 7.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 4,200 shares of the company’s stock worth $257,000 after buying an additional 300 shares in the last quarter. Finally, US Bancorp DE increased its stake in Wheaton Precious Metals by 4.2% during the 3rd quarter. US Bancorp DE now owns 7,167 shares of the company’s stock worth $438,000 after buying an additional 290 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at $69.07 on Friday. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $40.50 and a fifty-two week high of $70.80. The stock has a 50 day moving average of $61.97 and a 200 day moving average of $61.97.

About Wheaton Precious Metals

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.