Bank Julius Baer & Co. Ltd Zurich Buys New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 681 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Andra AP fonden acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at approximately $1,952,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Wheaton Precious Metals by 10.4% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,087 shares of the company’s stock valued at $286,000 after purchasing an additional 480 shares during the last quarter. EagleClaw Capital Managment LLC increased its holdings in Wheaton Precious Metals by 3.0% in the 4th quarter. EagleClaw Capital Managment LLC now owns 160,917 shares of the company’s stock valued at $9,050,000 after purchasing an additional 4,700 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at approximately $20,790,000. Finally, Promus Capital LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Wheaton Precious Metals Trading Up 2.1 %

Wheaton Precious Metals stock opened at $71.16 on Wednesday. The stock has a market cap of $32.28 billion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The company has a fifty day simple moving average of $63.80 and a 200-day simple moving average of $62.47. Wheaton Precious Metals Corp. has a 12-month low of $43.18 and a 12-month high of $72.00.

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.