5,000 Shares in Wheaton Precious Metals Corp. $WPM Purchased by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the third quarter, HoldingsChannel.com reports. The fund bought 5,000 shares of the company’s stock, valued at approximately $559,000.

Several other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in Wheaton Precious Metals during the 3rd quarter worth approximately $26,000. Delta Asset Management LLC TN acquired a new stake in shares of Wheaton Precious Metals in the second quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new stake in shares of Wheaton Precious Metals in the third quarter valued at approximately $29,000. Pacifica Partners Inc. lifted its position in shares of Wheaton Precious Metals by 27.8% in the third quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after purchasing an additional 100 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Wheaton Precious Metals in the third quarter worth $61,000. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WPM. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group reissued a “buy” rating and set a $145.00 price target on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. UBS Group restated a “neutral” rating and set a $158.00 price objective on shares of Wheaton Precious Metals in a research note on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.44.

Wheaton Precious Metals Trading Down 0.5%

NYSE:WPM opened at $147.06 on Friday. The stock has a market capitalization of $66.77 billion, a PE ratio of 66.85, a P/E/G ratio of 2.21 and a beta of 0.50. Wheaton Precious Metals Corp. has a 1-year low of $68.03 and a 1-year high of $165.76. The firm has a fifty day simple moving average of $140.02 and a 200 day simple moving average of $117.68.

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.