Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 423.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,167 shares of the company’s stock after acquiring an additional 45,441 shares during the period. Oxbow Advisors LLC’s holdings in Wheaton Precious Metals were worth $3,159,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Merit Financial Group LLC raised its holdings in shares of Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after purchasing an additional 179 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of Wheaton Precious Metals by 2.2% during the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after purchasing an additional 187 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Wheaton Precious Metals by 1.0% during the third 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 during the period. Arkadios Wealth Advisors raised its holdings in shares of Wheaton Precious Metals by 1.0% during the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after purchasing an additional 210 shares during the period. Finally, Western Pacific Wealth Management LP raised its holdings in shares of Wheaton Precious Metals by 13.9% during the third quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock worth $106,000 after purchasing an additional 212 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on WPM. TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Finally, Raymond James lifted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Stock Down 2.8 %

Shares of NYSE:WPM opened at $68.01 on Friday. The company has a market cap of $30.85 billion, a PE ratio of 50.75, a P/E/G ratio of 1.91 and a beta of 0.77. The company’s 50-day moving average price is $60.89 and its 200 day moving average price is $61.47. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $70.31.

About Wheaton Precious Metals

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.