Stephens Inc. AR Raises Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Stephens Inc. AR lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,835 shares of the company’s stock after purchasing an additional 454 shares during the period. Stephens Inc. AR’s holdings in Wheaton Precious Metals were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $39,000. GAMMA Investing LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $41,000. St. Johns Investment Management Company LLC purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter worth $48,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $54,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Up 1.4 %

NYSE:WPM opened at $69.24 on Friday. The business’s 50-day simple moving average is $60.09 and its two-hundred day simple moving average is $61.04. The stock has a market cap of $31.41 billion, a PE ratio of 51.67, a P/E/G ratio of 1.70 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $69.49.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WPM shares. TD Securities raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group started coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. Raymond James raised their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average 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.