947 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 947 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds have also recently made changes to their positions in WPM. Merit Financial Group LLC raised 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 buying an additional 179 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after buying an additional 187 shares during the last quarter. Principal Financial Group Inc. raised its stake in Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after buying an additional 196 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Wheaton Precious Metals by 1.0% in the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after buying an additional 210 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its stake in Wheaton Precious Metals by 13.9% in the third quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock valued at $106,000 after buying an additional 212 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. TD Securities increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group assumed coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Finally, Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine equities research 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.com, the stock has an average rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Stock Down 2.8 %

Wheaton Precious Metals stock opened at $68.01 on Friday. The firm has a market cap of $30.85 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $70.31. The business’s 50-day moving average price is $60.89 and its 200 day moving average price is $61.47.

About Wheaton Precious Metals

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.