Quintet Private Bank Europe S.A. Acquires Shares of 700 Wheaton Precious Metals Corp. (NYSE:WPM)

Quintet Private Bank Europe S.A. acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 700 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the period. Van ECK Associates Corp raised its holdings in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after acquiring an additional 1,231,999 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Wheaton Precious Metals by 1,865.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock valued at $76,061,000 after buying an additional 1,182,156 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Wheaton Precious Metals by 22.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after buying an additional 634,843 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after buying an additional 513,890 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 0.3 %

Shares of WPM stock opened at $68.74 on Tuesday. Wheaton Precious Metals Corp. has a 12 month low of $42.34 and a 12 month high of $70.97. The stock has a market cap of $31.19 billion, a P/E ratio of 51.30, a P/E/G ratio of 1.91 and a beta of 0.77. The company has a 50 day simple moving average of $61.97 and a two-hundred day simple moving average of $62.00.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research reports. 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 target price for the company. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, TD Securities raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target 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.