Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC raised its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 423.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,167 shares of the company’s stock after buying an additional 45,441 shares during the period. Oxbow Advisors LLC’s holdings in Wheaton Precious Metals were worth $3,159,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WPM. FMR LLC increased 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 buying an additional 3,692,594 shares during the period. Canoe Financial LP acquired a new position in shares of Wheaton Precious Metals in the 3rd quarter worth approximately $113,017,000. Van ECK Associates Corp grew its stake in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $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 shares of Wheaton Precious Metals by 1,865.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock worth $76,061,000 after purchasing an additional 1,182,156 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Wheaton Precious Metals by 22.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after purchasing an additional 634,843 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Raymond James lifted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, TD Securities lifted their price objective 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. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $68.01 on Friday. The firm’s 50 day simple moving average is $60.89 and its 200-day simple moving average is $61.47. The company has a market cap of $30.85 billion, a P/E ratio of 50.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $70.31.

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.