Bradley Foster & Sargent Inc. CT Acquires 1,288 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Bradley Foster & Sargent Inc. CT lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,862 shares of the company’s stock after acquiring an additional 1,288 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Wheaton Precious Metals were worth $3,254,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WPM. FMR LLC grew its stake in Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after acquiring an additional 3,692,594 shares in the last quarter. Canoe Financial LP bought a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at about $113,017,000. Van ECK Associates Corp grew its position in shares of Wheaton Precious Metals by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Wheaton Precious Metals by 1,865.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock worth $76,061,000 after purchasing an additional 1,182,156 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Wheaton Precious Metals by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after buying an additional 634,843 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WPM. Raymond James raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. TD Securities raised their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group began coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Down 2.8 %

WPM stock opened at $68.01 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $70.31. The firm’s fifty day simple moving average is $60.89 and its two-hundred day simple moving average is $61.47. The stock has a market capitalization of $30.85 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

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.