Atria Wealth Solutions Inc. Trims Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Atria Wealth Solutions Inc. lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 28.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,463 shares of the company's stock after selling 3,844 shares during the period. Atria Wealth Solutions Inc.'s holdings in Wheaton Precious Metals were worth $532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at $39,000. GAMMA Investing LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth $41,000. Exchange Traded Concepts LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth about $54,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $62,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded up $1.03 during mid-day trading on Friday, reaching $69.07. The stock had a trading volume of 2,070,583 shares, compared to its average volume of 1,506,825. The firm has a market capitalization of $31.34 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $40.50 and a fifty-two week high of $70.80. The stock's 50-day simple moving average is $61.97 and its 200-day simple moving average is $61.97.

Wall Street Analyst Weigh In

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