Leavell Investment Management Inc. Has $3.35 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Leavell Investment Management Inc. lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,516 shares of the company’s stock after purchasing an additional 675 shares during the quarter. Leavell Investment Management Inc.’s holdings in Wheaton Precious Metals were worth $3,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPM. Versant Capital Management Inc bought a new position in Wheaton Precious Metals during the 4th quarter worth $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $39,000. GAMMA Investing LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth $41,000. St. Johns Investment Management Company LLC acquired a new position in Wheaton Precious Metals in the third quarter valued at about $48,000. Finally, Exchange Traded Concepts LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth about $54,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $68.31 on Thursday. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64. The company has a market capitalization of $30.99 billion, a PE ratio of 50.98, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The company has a fifty day moving average of $59.97 and a 200-day moving average of $60.98.

Analyst Ratings Changes

Several equities analysts have commented on WPM shares. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. TD Securities lifted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 target price for the company. Finally, Raymond James lifted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and a consensus target price of $71.67.

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.