Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 119,306 shares of the company’s stock after purchasing an additional 7,840 shares during the quarter. AGF Management Ltd.’s holdings in Wheaton Precious Metals were worth $6,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Wheaton Precious Metals by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock valued at $58,422,000 after purchasing an additional 36,970 shares during the last quarter. Swiss National Bank increased its stake in shares of Wheaton Precious Metals by 0.8% during the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock valued at $83,854,000 after acquiring an additional 10,600 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at about $1,287,000. CWA Asset Management Group LLC increased its stake in shares of Wheaton Precious Metals by 19.7% during the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock valued at $9,196,000 after acquiring an additional 26,924 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Wheaton Precious Metals by 48.1% during the 3rd quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company’s stock valued at $91,683,000 after acquiring an additional 487,190 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. 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. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Performance

WPM opened at $71.33 on Thursday. The firm has a 50 day moving average price of $63.80 and a 200 day moving average price of $62.47. The company has a market cap of $32.36 billion, a PE ratio of 53.23, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1 year low of $43.18 and a 1 year high of $72.00.

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.