SBI Securities Co. Ltd. Makes New $236,000 Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

SBI Securities Co. Ltd. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, HoldingsChannel reports. The firm purchased 4,199 shares of the company’s stock, valued at approximately $236,000.

Several other large investors also recently modified their holdings of the stock. Fielder Capital Group LLC grew its position in shares of Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock worth $1,389,000 after buying an additional 176 shares during the period. Merit Financial Group LLC grew its position in shares of Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after buying an additional 179 shares during the period. Insigneo Advisory Services LLC grew its position in shares of Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after buying an additional 187 shares during the period. Principal Financial Group Inc. grew its position in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after buying an additional 196 shares during the period. Finally, Western Pacific Wealth Management LP grew its position in shares of Wheaton Precious Metals by 13.9% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock worth $106,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 2.8 %

Shares of NYSE:WPM opened at $70.94 on Thursday. The stock’s fifty day simple moving average is $62.43 and its two-hundred day simple moving average is $62.15. Wheaton Precious Metals Corp. has a 1-year low of $43.10 and a 1-year high of $71.01. The stock has a market cap of $32.18 billion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Securities raised their price objective 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 started coverage on shares of 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. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus price target 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.