Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,481 shares of the company’s stock after selling 11,746 shares during the quarter. Wheaton Precious Metals comprises about 1.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 22nd biggest holding. U S Global Investors Inc.’s holdings in Wheaton Precious Metals were worth $9,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WPM. Assenagon Asset Management S.A. raised its stake in shares of Wheaton Precious Metals by 12.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 19,007 shares of the company’s stock worth $1,162,000 after buying an additional 2,157 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Wheaton Precious Metals by 27.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,782 shares of the company’s stock worth $3,102,000 after acquiring an additional 11,064 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Wheaton Precious Metals by 6.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 14,538 shares of the company’s stock worth $888,000 after buying an additional 838 shares during the period. Pinnacle Associates Ltd. raised its holdings in shares of Wheaton Precious Metals by 7.7% during the third quarter. Pinnacle Associates Ltd. now owns 4,200 shares of the company’s stock valued at $257,000 after acquiring an additional 300 shares during the period. Finally, US Bancorp DE raised its stake in Wheaton Precious Metals by 4.2% during the 3rd quarter. US Bancorp DE now owns 7,167 shares of the company’s stock valued at $438,000 after purchasing an additional 290 shares during the period. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

WPM has been the subject of several research reports. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group began coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. Finally, TD Securities lifted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $67.87 on Friday. The firm has a market cap of $30.79 billion, a price-to-earnings ratio of 50.65, a P/E/G ratio of 1.91 and a beta of 0.77. The firm has a fifty day moving average price of $61.73 and a two-hundred day moving average price of $61.87. Wheaton Precious Metals Corp. has a fifty-two week low of $39.04 and a fifty-two week high of $70.80.

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.