K.J. Harrison & Partners Inc Buys New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

K.J. Harrison & Partners Inc purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $290,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $29,000. Laurel Wealth Advisors LLC bought a new position in Wheaton Precious Metals in the fourth quarter worth approximately $39,000. GAMMA Investing LLC acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $41,000. Kestra Investment Management LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $53,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $67.87 on Friday. Wheaton Precious Metals Corp. has a 52-week low of $39.04 and a 52-week high of $70.80. The company has a 50-day simple moving average of $61.73 and a two-hundred day simple moving average of $61.87. The company has a market capitalization of $30.79 billion, a price-to-earnings ratio of 50.65, a PEG ratio of 1.91 and a beta of 0.77.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WPM shares. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. TD Securities boosted their target price 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. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently 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.