Focus Partners Advisor Solutions LLC Has $2.70 Million Stock Position in Wheaton Precious Metals Corp. $WPM

Focus Partners Advisor Solutions LLC raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,461 shares of the company’s stock after buying an additional 4,083 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Wheaton Precious Metals were worth $2,703,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at $656,463,000. Invesco Ltd. raised its stake in shares of Wheaton Precious Metals by 139.8% in the 2nd quarter. Invesco Ltd. now owns 2,085,042 shares of the company’s stock valued at $187,237,000 after purchasing an additional 1,215,660 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Wheaton Precious Metals by 24.8% in the second quarter. CIBC Asset Management Inc now owns 3,185,420 shares of the company’s stock valued at $288,255,000 after purchasing an additional 632,464 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Wheaton Precious Metals by 30.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,743,476 shares of the company’s stock worth $246,572,000 after buying an additional 632,429 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Wheaton Precious Metals by 20.5% during the second quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock worth $332,793,000 after buying an additional 622,003 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WPM shares. Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $115.00 to $130.00 in a research report on Wednesday, December 10th. Zacks Research upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Wheaton Precious Metals in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $140.44.

Wheaton Precious Metals Trading Up 1.6%

NYSE WPM opened at $153.71 on Thursday. Wheaton Precious Metals Corp. has a 12 month low of $68.03 and a 12 month high of $165.76. The stock has a 50 day moving average of $139.03 and a 200-day moving average of $116.91. The company has a market cap of $69.79 billion, a PE ratio of 69.87, a PEG ratio of 2.28 and a beta of 0.50.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.