Stack Financial Management Inc Sells 3,420 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Stack Financial Management Inc decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 363,221 shares of the company’s stock after selling 3,420 shares during the period. Wheaton Precious Metals comprises 1.9% of Stack Financial Management Inc’s holdings, making the stock its 23rd largest holding. Stack Financial Management Inc owned approximately 0.08% of Wheaton Precious Metals worth $20,428,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Canoe Financial LP acquired a new stake in Wheaton Precious Metals in the third quarter valued at about $113,017,000. Van ECK Associates Corp grew its position in Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after acquiring an additional 1,231,999 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Wheaton Precious Metals by 1,865.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock valued at $76,061,000 after acquiring an additional 1,182,156 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after acquiring an additional 634,843 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Up 1.2 %

NYSE WPM opened at $68.87 on Tuesday. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $70.31. The stock has a fifty day simple moving average of $61.07 and a 200 day simple moving average of $61.67.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stifel Canada raised 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 research note on Friday, November 8th. Finally, 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 target for the company. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Buy” and an average price target 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.