Union Bancaire Privee UBP SA Makes New $791,000 Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

Union Bancaire Privee UBP SA purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,744 shares of the company’s stock, valued at approximately $791,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Merit Financial Group LLC raised its position in shares of Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after buying an additional 179 shares in the last quarter. Insigneo Advisory Services LLC raised its position in shares of Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after buying an additional 187 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after buying an additional 196 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after purchasing an additional 210 shares in the last quarter. Finally, Western Pacific Wealth Management LP raised its holdings in shares of Wheaton Precious Metals by 13.9% in the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock worth $106,000 after purchasing an additional 212 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

WPM stock opened at $68.87 on Tuesday. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $70.31. The company’s 50 day simple moving average is $61.07 and its 200-day simple moving average is $61.67. The firm has a market capitalization of $31.25 billion, a P/E ratio of 51.40, a P/E/G ratio of 1.91 and a beta of 0.77.

Analysts Set New Price Targets

A number of analysts recently commented on WPM shares. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. TD Securities boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, UBS Group started coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Buy” and an average price target 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.