Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,925 shares of the company’s stock after selling 650 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Wheaton Precious Metals were worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC lifted its position in Wheaton Precious Metals by 2.9% in the fourth quarter. Private Advisor Group LLC now owns 78,880 shares of the company’s stock worth $4,436,000 after purchasing an additional 2,258 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $53,000. CIBC Asset Management Inc lifted its holdings in shares of Wheaton Precious Metals by 11.8% in the fourth quarter. CIBC Asset Management Inc now owns 2,541,133 shares of the company’s stock valued at $144,356,000 after buying an additional 267,973 shares during the period. Allworth Financial LP boosted its stake in Wheaton Precious Metals by 411.9% during the fourth quarter. Allworth Financial LP now owns 5,554 shares of the company’s stock valued at $328,000 after buying an additional 4,469 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Wheaton Precious Metals during the fourth quarter worth about $202,000. 70.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WPM shares. UBS Group began coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. 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. Finally, Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $69.90 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $70.31. The firm has a market capitalization of $31.71 billion, a price-to-earnings ratio of 52.16, a P/E/G ratio of 1.74 and a beta of 0.77. The company has a 50 day moving average price of $60.74 and a 200 day moving average price of $61.38.

Wheaton Precious Metals 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.