Metis Global Partners LLC Increases Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Metis Global Partners LLC increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,079 shares of the company’s stock after buying an additional 3,029 shares during the quarter. Metis Global Partners LLC’s holdings in Wheaton Precious Metals were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. FMR LLC grew its stake in Wheaton Precious Metals by 33.7% during 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 during the last quarter. Van ECK Associates Corp grew its stake in Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Wheaton Precious Metals by 1,865.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock valued at $76,061,000 after purchasing an additional 1,182,156 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Wheaton Precious Metals by 22.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after purchasing an additional 634,843 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Wheaton Precious Metals by 21.3% during the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after purchasing an additional 513,890 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WPM has been the topic of several research analyst reports. 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 report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Finally, TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Trading Up 1.5 %

NYSE WPM opened at $69.07 on Friday. The stock has a market capitalization of $31.34 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a twelve month low of $40.50 and a twelve month high of $70.80. The stock has a 50-day moving average of $61.97 and a 200 day moving average of $61.97.

Wheaton Precious Metals Company 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.