Capital Wealth Planning LLC Buys Shares of 13,132 Wheaton Precious Metals Corp. (NYSE:WPM)

Capital Wealth Planning LLC bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,132 shares of the company’s stock, valued at approximately $739,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WPM. Metis Global Partners LLC boosted its position in shares of Wheaton Precious Metals by 5.5% in the 4th quarter. Metis Global Partners LLC now owns 58,079 shares of the company’s stock worth $3,269,000 after purchasing an additional 3,029 shares in the last quarter. US Bancorp DE boosted its position in shares of Wheaton Precious Metals by 35.0% in the 4th quarter. US Bancorp DE now owns 9,673 shares of the company’s stock worth $544,000 after purchasing an additional 2,506 shares in the last quarter. Fielder Capital Group LLC boosted its position in shares of Wheaton Precious Metals by 0.7% in the 4th 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. Proficio Capital Partners LLC boosted its position in shares of Wheaton Precious Metals by 5,754.4% in the 4th quarter. Proficio Capital Partners LLC now owns 485,914 shares of the company’s stock worth $27,328,000 after purchasing an additional 477,614 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Wheaton Precious Metals by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 176,630 shares of the company’s stock worth $9,937,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the subject of a number of recent analyst reports. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group assumed coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Finally, 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 note on Friday, November 8th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $69.07 on Friday. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 51.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The business has a fifty day moving average of $61.97 and a 200 day moving average of $61.97. Wheaton Precious Metals Corp. has a 1 year low of $40.50 and a 1 year high of $70.80.

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.