Quintet Private Bank Europe S.A. Purchases New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

Quintet Private Bank Europe S.A. purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 700 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds also recently bought and sold shares of WPM. Pinnacle Associates Ltd. raised its stake in shares of Wheaton Precious Metals by 7.7% in the third quarter. Pinnacle Associates Ltd. now owns 4,200 shares of the company’s stock valued at $257,000 after acquiring an additional 300 shares during the period. US Bancorp DE boosted its holdings in shares of Wheaton Precious Metals by 4.2% in the 3rd quarter. US Bancorp DE now owns 7,167 shares of the company’s stock valued at $438,000 after buying an additional 290 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Wheaton Precious Metals by 31.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company’s stock valued at $111,000 after buying an additional 432 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in shares of Wheaton Precious Metals by 6.0% in the 3rd quarter. Pure Financial Advisors LLC now owns 5,616 shares of the company’s stock valued at $343,000 after buying an additional 316 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Wheaton Precious Metals by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,639 shares of the company’s stock valued at $2,299,000 after buying an additional 1,273 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $68.74 on Tuesday. The firm’s fifty day moving average price is $61.97 and its 200 day moving average price is $62.00. Wheaton Precious Metals Corp. has a 1-year low of $42.34 and a 1-year high of $70.97. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of 51.30, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WPM shares. TD Securities boosted 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. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine 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 a consensus target price of $71.67.

Wheaton Precious Metals Company Profile

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.