28,460 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 28,460 shares of the company’s stock, valued at approximately $1,601,000.

A number of other hedge funds have also bought and sold shares of the business. Union Bancaire Privee UBP SA purchased a new stake in Wheaton Precious Metals in the fourth quarter worth $791,000. Turning Point Benefit Group Inc. purchased a new stake in Wheaton Precious Metals in the fourth quarter worth $3,250,000. Oxbow Advisors LLC increased its position in Wheaton Precious Metals by 423.7% in the fourth quarter. Oxbow Advisors LLC now owns 56,167 shares of the company’s stock worth $3,159,000 after buying an additional 45,441 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its position in Wheaton Precious Metals by 2.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 57,862 shares of the company’s stock worth $3,254,000 after buying an additional 1,288 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in Wheaton Precious Metals by 8.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,492 shares of the company’s stock worth $253,000 after buying an additional 336 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $68.95 on Wednesday. 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 $31.28 billion, a PE ratio of 51.46, a P/E/G ratio of 1.91 and a beta of 0.77. The company’s 50 day simple moving average is $61.25 and its two-hundred day simple moving average is $61.76.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of recent research reports. UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. TD Securities raised their target price 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. Finally, Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus 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.