Wheaton Precious Metals Corp. (NYSE:WPM) Stake Lessened by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 43.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,025 shares of the company’s stock after selling 13,170 shares during the period. D.A. Davidson & CO.’s holdings in Wheaton Precious Metals were worth $958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $39,000. GAMMA Investing LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth $41,000. Exchange Traded Concepts LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $54,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at $62,000. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Down 2.8 %

Wheaton Precious Metals stock opened at $68.01 on Monday. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $70.31. The stock has a market cap of $30.85 billion, a P/E ratio of 50.75, a P/E/G ratio of 1.91 and a beta of 0.77. The company’s fifty day simple moving average is $60.89 and its 200-day simple moving average is $61.57.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WPM shares. UBS Group started coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. TD Securities lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Buy” and an average price target of $71.67.

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.