LGT Group Foundation Buys 1,735 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

LGT Group Foundation boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,309 shares of the company’s stock after acquiring an additional 1,735 shares during the quarter. LGT Group Foundation’s holdings in Wheaton Precious Metals were worth $5,526,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WPM. Pinnacle Associates Ltd. lifted its position in Wheaton Precious Metals by 7.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 4,200 shares of the company’s stock valued at $257,000 after acquiring an additional 300 shares in the last quarter. US Bancorp DE increased 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 valued at $438,000 after buying an additional 290 shares during the last quarter. Farther Finance Advisors LLC increased 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 valued at $111,000 after buying an additional 432 shares during the last quarter. Pure Financial Advisors LLC increased its stake in Wheaton Precious Metals by 6.0% in the 3rd quarter. Pure Financial Advisors LLC now owns 5,616 shares of the company’s stock valued at $343,000 after buying an additional 316 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased 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 valued at $2,299,000 after buying an additional 1,273 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $68.74 on Tuesday. The firm has a market capitalization of $31.19 billion, a PE ratio of 51.30, a P/E/G ratio of 1.91 and a beta of 0.77. The company’s 50-day moving average is $61.97 and its 200-day moving average is $62.00. Wheaton Precious Metals Corp. has a fifty-two week low of $42.34 and a fifty-two week high of $70.97.

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.