Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,274 shares of the company's stock after selling 3,713 shares during the quarter. Blue Trust Inc.'s holdings in Wheaton Precious Metals were worth $297,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $29,000. Laurel Wealth Advisors LLC purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $39,000. GAMMA Investing LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth about $41,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Wheaton Precious Metals in the third quarter valued at about $48,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded down $1.94 during trading on Friday, reaching $68.01. The company had a trading volume of 1,803,497 shares, compared to its average volume of 1,490,247. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $70.31. The stock's 50 day moving average price is $60.74 and its two-hundred day moving average price is $61.38.

Analyst Ratings Changes

A number of research firms recently issued reports on WPM. Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Securities lifted their price objective 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. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a "buy" rating and a $78.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $71.67.

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.