Apollon Wealth Management LLC Has $550,000 Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Apollon Wealth Management LLC increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,786 shares of the company's stock after purchasing an additional 3,887 shares during the quarter. Apollon Wealth Management LLC's holdings in Wheaton Precious Metals were worth $550,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WPM. Merit Financial Group LLC increased its holdings in Wheaton Precious Metals by 3.9% in the fourth 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 last quarter. Insigneo Advisory Services LLC increased its holdings in Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock worth $522,000 after buying an additional 187 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock worth $1,208,000 after buying an additional 196 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Wheaton Precious Metals by 0.6% in the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company's stock worth $2,110,000 after buying an additional 197 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in Wheaton Precious Metals by 1.0% in the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company's stock worth $1,318,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of WPM traded down $1.68 during mid-day trading on Friday, hitting $67.58. The company's stock had a trading volume of 1,434,846 shares, compared to its average volume of 1,392,055. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $69.58. The firm has a market capitalization of $30.66 billion, a PE ratio of 50.44, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The stock's 50-day moving average is $60.22 and its two-hundred day moving average is $61.13.

Wall Street Analyst Weigh In

A number of research firms recently commented on WPM. UBS Group assumed coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective on the stock. TD Securities upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Nine 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, Wheaton Precious Metals has an average rating of "Buy" and an average 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.