Bank Julius Baer & Co. Ltd Zurich Purchases New Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 681 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in Wheaton Precious Metals by 4.2% in the 3rd quarter. US Bancorp DE now owns 7,167 shares of the company’s stock worth $438,000 after purchasing an additional 290 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Wheaton Precious Metals by 31.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company’s stock worth $111,000 after purchasing an additional 432 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Wheaton Precious Metals by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,639 shares of the company’s stock worth $2,299,000 after purchasing an additional 1,273 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after purchasing an additional 196 shares in the last quarter. Finally, Tyler Stone Wealth Management lifted its stake in Wheaton Precious Metals by 100.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,253 shares of the company’s stock worth $260,000 after purchasing an additional 2,130 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WPM. 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 began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $71.16 on Wednesday. The company has a 50 day simple moving average of $63.80 and a 200-day simple moving average of $62.47. The company has a market capitalization of $32.28 billion, a P/E ratio of 53.10, a P/E/G 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 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.