Private Advisor Group LLC Buys 2,258 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Private Advisor Group LLC increased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,880 shares of the company’s stock after buying an additional 2,258 shares during the period. Private Advisor Group LLC’s holdings in Wheaton Precious Metals were worth $4,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC grew its stake in Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after acquiring an additional 179 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after purchasing an additional 187 shares in the last quarter. Principal Financial Group Inc. grew its position in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after purchasing an additional 196 shares during the period. Arkadios Wealth Advisors grew its position in Wheaton Precious Metals by 1.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after purchasing an additional 210 shares during the period. Finally, Western Pacific Wealth Management LP increased its stake in 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 valued at $106,000 after purchasing an additional 212 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Down 2.8 %

Wheaton Precious Metals stock opened at $68.01 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $70.31. The company’s 50 day moving average price is $60.89 and its two-hundred day moving average price is $61.51. The stock has a market cap of $30.85 billion, a P/E ratio of 50.75, a P/E/G ratio of 1.91 and a beta of 0.77.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Stifel Canada upgraded 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 target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus 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.