Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by WR Wealth Planners LLC

WR Wealth Planners LLC reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 8.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,191 shares of the company’s stock after selling 884 shares during the quarter. WR Wealth Planners LLC’s holdings in Wheaton Precious Metals were worth $517,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WPM. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $29,000. Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. GAMMA Investing LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $41,000. Kestra Investment Management LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $53,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $54,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on WPM shares. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Securities increased their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, UBS Group started coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. Nine research 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 has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $69.07 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $40.50 and a 12-month high of $70.80. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 51.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The business has a 50 day simple moving average of $61.73 and a 200 day simple moving average of $61.87.

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.