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

K.J. Harrison & Partners Inc acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $290,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Finally, TD Securities raised their target price 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. Nine equities 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Trading Down 3.4 %

Shares of WPM opened at $67.87 on Friday. The firm’s fifty day simple moving average is $61.73 and its two-hundred day simple moving average is $61.87. Wheaton Precious Metals Corp. has a 12 month low of $39.04 and a 12 month high of $70.80. The stock has a market capitalization of $30.79 billion, a P/E ratio of 50.65, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

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.