Wheaton Precious Metals Corp. $WPM Position Boosted by Capital International Inc. CA

Capital International Inc. CA lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 29.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,877 shares of the company’s stock after purchasing an additional 58,663 shares during the period. Capital International Inc. CA owned about 0.06% of Wheaton Precious Metals worth $28,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Wheaton Precious Metals during the first quarter worth approximately $331,000. Focus Partners Wealth increased its holdings in shares of Wheaton Precious Metals by 10.7% in the first quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock valued at $871,000 after buying an additional 1,081 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Wheaton Precious Metals in the first quarter valued at $209,000. Sivia Capital Partners LLC acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $239,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Wheaton Precious Metals by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 71,999 shares of the company’s stock valued at $6,466,000 after acquiring an additional 5,212 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Performance

NYSE WPM opened at $150.67 on Wednesday. The firm’s 50 day moving average price is $141.28 and its two-hundred day moving average price is $118.63. Wheaton Precious Metals Corp. has a twelve month low of $68.03 and a twelve month high of $165.76. The stock has a market cap of $68.41 billion, a price-to-earnings ratio of 68.49, a PEG ratio of 2.21 and a beta of 0.50.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPM. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 target price on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Scotiabank reiterated an “outperform” rating and issued a $175.00 price target on shares of Wheaton Precious Metals in a research report on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $115.00 to $130.00 in a report on Wednesday, December 10th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.44.

About Wheaton Precious Metals

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.