SBI Securities Co. Ltd. Purchases New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

SBI Securities Co. Ltd. purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,199 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fielder Capital Group LLC grew its stake in Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock worth $1,389,000 after buying an additional 176 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after acquiring an additional 179 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after acquiring an additional 187 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after acquiring an additional 196 shares during the last quarter. Finally, Western Pacific Wealth Management LP lifted its holdings in shares of Wheaton Precious Metals by 13.9% in the third quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock worth $106,000 after acquiring an additional 212 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $70.94 on Thursday. Wheaton Precious Metals Corp. has a 52-week low of $43.10 and a 52-week high of $71.01. The firm has a 50 day moving average price of $62.43 and a two-hundred day moving average price of $62.15. The firm has a market cap of $32.18 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 1.91 and a beta of 0.76.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WPM. UBS Group began coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $71.67.

About Wheaton Precious Metals

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.