AGF Management Ltd. Boosts Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

AGF Management Ltd. boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,306 shares of the company's stock after buying an additional 7,840 shares during the period. AGF Management Ltd.'s holdings in Wheaton Precious Metals were worth $6,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WPM. Versant Capital Management Inc purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $29,000. Promus Capital LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $38,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $39,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WPM has been the topic of several research analyst reports. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a "buy" rating and a $78.00 target price on the stock. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $71.67.

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Wheaton Precious Metals Stock Up 0.4 %

Wheaton Precious Metals stock opened at $71.33 on Thursday. Wheaton Precious Metals Corp. has a 52 week low of $43.18 and a 52 week high of $72.00. The firm's 50-day simple moving average is $63.80 and its 200 day simple moving average is $62.47. The firm has a market capitalization of $32.36 billion, a PE ratio of 53.23, a P/E/G ratio of 1.91 and a beta of 0.77.

Wheaton Precious Metals 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.

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