Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $286,000 Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 10.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,087 shares of the company’s stock after purchasing an additional 480 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Wheaton Precious Metals were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WPM. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $29,000. Promus Capital LLC bought a new position in Wheaton Precious Metals during the fourth quarter worth $32,000. Laurel Wealth Advisors LLC bought a new position in Wheaton Precious Metals during the fourth quarter worth $39,000. Quintet Private Bank Europe S.A. bought a new position in Wheaton Precious Metals during the fourth quarter worth $39,000. Finally, GAMMA Investing LLC bought a new position in Wheaton Precious Metals during the fourth quarter worth $41,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research reports. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $70.52 on Friday. The firm has a market capitalization of $31.99 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The company’s fifty day moving average price is $63.23 and its two-hundred day moving average price is $62.34. Wheaton Precious Metals Corp. has a 52-week low of $43.18 and a 52-week high of $71.81.

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.