Golden State Wealth Management LLC Purchases Shares of 1,100 Wheaton Precious Metals Corp. (NYSE:WPM)

Golden State Wealth Management LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Wheaton Precious Metals by 1.1% during the second quarter. Cetera Investment Advisers now owns 37,659 shares of the company’s stock valued at $1,974,000 after acquiring an additional 409 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth about $713,000. Brookstone Capital Management raised its stake in Wheaton Precious Metals by 11.4% during the 3rd quarter. Brookstone Capital Management now owns 5,370 shares of the company’s stock valued at $328,000 after purchasing an additional 549 shares during the period. CWM LLC lifted its holdings in Wheaton Precious Metals by 96.4% in the 3rd quarter. CWM LLC now owns 5,970 shares of the company’s stock worth $365,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in Wheaton Precious Metals in the 3rd quarter worth approximately $225,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Up 2.3 %

Shares of NYSE:WPM opened at $67.70 on Tuesday. The company has a 50-day moving average price of $59.78 and a 200 day moving average price of $60.87. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The company has a market cap of $30.71 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 1.70 and a beta of 0.77.

Wall Street Analysts Forecast Growth

WPM has been the topic of several recent analyst reports. Raymond James lifted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Canada upgraded 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 price target 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 report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $71.67.

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.