Stephens Inc. AR Acquires 454 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Stephens Inc. AR lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,835 shares of the company’s stock after acquiring 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 SEC filing.

Several other institutional investors have also recently made changes to their positions in WPM. Versant Capital Management Inc bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $39,000. GAMMA Investing LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $41,000. St. Johns Investment Management Company LLC bought a new position in shares of Wheaton Precious Metals in the 3rd quarter worth approximately $48,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $54,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 1.4 %

Shares of WPM opened at $69.24 on Friday. The business’s fifty day simple moving average is $60.09 and its two-hundred day simple moving average is $61.04. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $69.49. The company has a market cap of $31.41 billion, a price-to-earnings ratio of 51.67, a P/E/G ratio of 1.70 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WPM. Raymond James increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Securities raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.