Jupiter Asset Management Ltd. Sells 186,524 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Jupiter Asset Management Ltd. lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 597,091 shares of the company’s stock after selling 186,524 shares during the period. Jupiter Asset Management Ltd.’s holdings in Wheaton Precious Metals were worth $33,580,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in shares of Wheaton Precious Metals by 62.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,964 shares of the company’s stock valued at $167,000 after buying an additional 1,139 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of Wheaton Precious Metals by 7.0% during the 4th quarter. AGF Management Ltd. now owns 119,306 shares of the company’s stock valued at $6,715,000 after buying an additional 7,840 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Wheaton Precious Metals by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,525,617 shares of the company’s stock valued at $85,801,000 after buying an additional 24,580 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in shares of Wheaton Precious Metals by 39.2% during the 4th quarter. Moran Wealth Management LLC now owns 28,399 shares of the company’s stock valued at $1,597,000 after buying an additional 7,991 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. boosted its holdings in shares of Wheaton Precious Metals by 15.4% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 36,260 shares of the company’s stock valued at $2,038,000 after buying an additional 4,850 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $71.16 on Wednesday. Wheaton Precious Metals Corp. has a one year low of $43.18 and a one year high of $72.00. The company’s 50-day moving average is $63.80 and its 200 day moving average is $62.47. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WPM shares. UBS Group began coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research 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 stock. According to MarketBeat, the company presently has an average 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.