Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Lifted by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,087 shares of the company’s stock after acquiring an additional 480 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Wheaton Precious Metals were worth $286,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Wheaton Precious Metals by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock worth $58,422,000 after acquiring an additional 36,970 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Wheaton Precious Metals by 0.8% during the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock worth $83,854,000 after purchasing an additional 10,600 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Wheaton Precious Metals during the third quarter worth approximately $1,287,000. CWA Asset Management Group LLC boosted its holdings in shares of Wheaton Precious Metals by 19.7% during the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock worth $9,196,000 after purchasing an additional 26,924 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in shares of Wheaton Precious Metals by 48.1% during the third quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company’s stock worth $91,683,000 after purchasing an additional 487,190 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Up 0.5 %

NYSE WPM opened at $70.52 on Friday. The stock has a market capitalization of $31.99 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The company has a 50 day moving average price of $63.23 and a two-hundred day moving average price of $62.34. Wheaton Precious Metals Corp. has a 12-month low of $43.18 and a 12-month high of $71.81.

Analysts Set New Price Targets

Several analysts recently commented on WPM shares. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group started coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals currently has an average rating of “Buy” and a consensus 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.