Connor Clark & Lunn Investment Management Ltd. Has $118.17 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,102,167 shares of the company’s stock after selling 303,924 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.46% of Wheaton Precious Metals worth $118,173,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Fielder Capital Group LLC boosted its stake in Wheaton Precious Metals by 0.7% in the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock worth $1,389,000 after purchasing an additional 176 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after purchasing an additional 179 shares during the period. Insigneo Advisory Services LLC lifted its stake in Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after buying an additional 187 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Wheaton Precious Metals by 1.0% during the third 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 during the period. Finally, Pacer Advisors Inc. boosted its holdings in Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock worth $226,000 after purchasing an additional 216 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WPM. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Trading Up 2.1 %

Shares of NYSE WPM opened at $71.16 on Wednesday. Wheaton Precious Metals Corp. has a 12 month low of $43.18 and a 12 month high of $72.00. The firm has a market capitalization of $32.28 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 1.91 and a beta of 0.77. The business has a 50-day moving average of $63.80 and a 200-day moving average of $62.47.

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.