Barings LLC Sells 695,917 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Barings LLC reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 55.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,033 shares of the company's stock after selling 695,917 shares during the quarter. Wheaton Precious Metals accounts for 0.8% of Barings LLC's portfolio, making the stock its 15th largest position. Barings LLC owned about 0.13% of Wheaton Precious Metals worth $31,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of WPM. US Bancorp DE raised its stake in Wheaton Precious Metals by 4.2% during the third quarter. US Bancorp DE now owns 7,167 shares of the company's stock worth $438,000 after acquiring an additional 290 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Wheaton Precious Metals by 31.0% in the third quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company's stock valued at $111,000 after buying an additional 432 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Wheaton Precious Metals by 3.5% in the third quarter. Janney Montgomery Scott LLC now owns 37,639 shares of the company's stock valued at $2,299,000 after buying an additional 1,273 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after buying an additional 196 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in shares of Wheaton Precious Metals by 4.7% in the third quarter. Confluence Investment Management LLC now owns 12,120 shares of the company's stock valued at $740,000 after buying an additional 546 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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Wheaton Precious Metals Stock Up 0.5 %

WPM stock traded up $0.32 during midday trading on Friday, reaching $70.52. The stock had a trading volume of 1,605,026 shares, compared to its average volume of 1,508,464. The business has a fifty day simple moving average of $63.23 and a two-hundred day simple moving average of $62.35. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a twelve month low of $43.18 and a twelve month high of $71.81.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group assumed coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 target price for the company. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target 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.