Private Advisor Group LLC Buys 2,258 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Private Advisor Group LLC boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 78,880 shares of the company’s stock after purchasing an additional 2,258 shares during the period. Private Advisor Group LLC’s holdings in Wheaton Precious Metals were worth $4,436,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new position in Wheaton Precious Metals during the fourth quarter valued at $39,000. GAMMA Investing LLC purchased a new stake in Wheaton Precious Metals in the fourth quarter worth $41,000. St. Johns Investment Management Company LLC bought a new stake in shares of Wheaton Precious Metals in the third quarter valued at $48,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Wheaton Precious Metals during the 4th quarter valued at $53,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $68.01 on Friday. The company’s 50 day simple moving average is $60.89 and its two-hundred day simple moving average is $61.51. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $70.31. The stock has a market capitalization of $30.85 billion, a PE ratio of 50.75, a P/E/G ratio of 1.91 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. TD Securities boosted their price target on shares of 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 began 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 for the company. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Buy” and a consensus target price of $71.67.

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.