CoreCommodity Management LLC lessened its stake in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 61.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,813 shares of the company’s stock after selling 32,222 shares during the quarter. CoreCommodity Management LLC’s holdings in Wheaton Precious Metals were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WPM. Private Advisor Group LLC grew its stake in shares of Wheaton Precious Metals by 52.3% in the third quarter. Private Advisor Group LLC now owns 28,206 shares of the company’s stock valued at $494,000 after buying an additional 9,687 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Wheaton Precious Metals during the 3rd quarter worth $333,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Wheaton Precious Metals during the 3rd quarter worth $1,125,000. SG Americas Securities LLC grew its stake in Wheaton Precious Metals by 93.2% during the 3rd quarter. SG Americas Securities LLC now owns 32,529 shares of the company’s stock worth $569,000 after purchasing an additional 15,689 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Wheaton Precious Metals by 588.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,077,956 shares of the company’s stock worth $36,364,000 after purchasing an additional 1,776,164 shares in the last quarter. Institutional investors and hedge funds own 54.59% of the company’s stock.

WPM has been the subject of several analyst reports. TD Securities boosted their target price on Wheaton Precious Metals from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, December 17th. Zacks Investment Research cut Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Scotiabank set a $35.00 target price on Wheaton Precious Metals and gave the stock a “buy” rating in a research note on Friday, December 14th. ValuEngine raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Wednesday, December 5th. Finally, Credit Suisse Group cut Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.17.

NYSE:WPM opened at $22.58 on Friday. The stock has a market cap of $10.03 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 8.22 and a beta of -0.01. Wheaton Precious Metals Corp has a 1 year low of $15.08 and a 1 year high of $22.86. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.27.

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Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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