Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,260 shares of the company’s stock after acquiring an additional 4,850 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Wheaton Precious Metals were worth $2,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fielder Capital Group LLC raised its holdings in Wheaton Precious Metals by 0.7% in the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock valued at $1,389,000 after buying an additional 176 shares during the period. Merit Financial Group LLC raised its stake in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after acquiring an additional 179 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after acquiring an additional 187 shares during the last quarter. Principal Financial Group Inc. boosted 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 purchasing an additional 196 shares during the period. Finally, Western Pacific Wealth Management LP increased its holdings in 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 valued at $106,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 0.5 %

NYSE WPM opened at $70.52 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $43.18 and a 52 week high of $71.81. The firm has a 50 day moving average of $62.96 and a two-hundred day moving average of $62.27. The stock has a market capitalization of $31.99 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Securities raised their price target 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. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Buy” and an average target price of $71.67.

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.