Generali Investments CEE investicni spolecnost a.s. Acquires Shares of 17,048 Wheaton Precious Metals Corp. (NYSE:WPM)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,048 shares of the company's stock, valued at approximately $959,000.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE grew its stake in shares of Wheaton Precious Metals by 4.2% in 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 during the period. Farther Finance Advisors LLC grew its position in Wheaton Precious Metals by 31.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company's stock worth $111,000 after purchasing an additional 432 shares during the period. Janney Montgomery Scott LLC raised its stake in Wheaton Precious Metals by 3.5% during the 3rd 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 during the last quarter. Principal Financial Group Inc. raised its stake in Wheaton Precious Metals by 1.0% during the 3rd 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 during the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in shares of Wheaton Precious Metals by 4.7% during the 3rd 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 during the period. Hedge funds and other institutional investors own 70.34% of the company's stock.

Remove Ads

Wheaton Precious Metals Stock Up 0.4 %

WPM traded up $0.26 during midday trading on Wednesday, reaching $71.33. The company had a trading volume of 1,553,081 shares, compared to its average volume of 1,529,282. Wheaton Precious Metals Corp. has a 1 year low of $43.18 and a 1 year high of $72.00. The company has a market cap of $32.36 billion, a P/E ratio of 53.23, a P/E/G ratio of 1.91 and a beta of 0.77. The business has a 50-day moving average of $63.80 and a two-hundred day moving average of $62.47.

Analyst Upgrades and Downgrades

WPM has been the subject of several research analyst reports. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a "buy" rating and a $78.00 price target for the company. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average 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.