Wheaton Precious Metals Corp. (NYSE:WPM) Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 319,450 shares of the company's stock after buying an additional 8,450 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of Wheaton Precious Metals worth $17,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Merit Financial Group LLC raised its position in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after buying an additional 179 shares during the period. Insigneo Advisory Services LLC increased its holdings in Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after purchasing an additional 187 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after purchasing an additional 196 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Wheaton Precious Metals by 1.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company's stock valued at $1,318,000 after purchasing an additional 210 shares in the last quarter. Finally, Western Pacific Wealth Management LP increased its holdings in Wheaton Precious Metals by 13.9% in the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company's stock valued at $106,000 after purchasing an additional 212 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WPM shares. TD Securities increased their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 8th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. UBS Group started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 price target for the company. Finally, Raymond James increased 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. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $71.67.

Wheaton Precious Metals Trading Up 0.7 %

NYSE WPM traded up $0.46 during trading hours on Thursday, reaching $69.90. The company's stock had a trading volume of 1,680,392 shares, compared to its average volume of 1,482,508. The business has a 50-day simple moving average of $60.57 and a 200 day simple moving average of $61.32. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $70.31. The stock has a market cap of $31.71 billion, a PE ratio of 52.16, a PEG ratio of 1.74 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.