K.J. Harrison & Partners Inc Purchases New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

K.J. Harrison & Partners Inc purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the company's stock, valued at approximately $290,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company's stock valued at $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after buying an additional 1,231,999 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Wheaton Precious Metals by 1,865.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company's stock worth $76,061,000 after buying an additional 1,182,156 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Wheaton Precious Metals by 22.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company's stock worth $211,207,000 after buying an additional 634,843 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company's stock valued at $178,551,000 after acquiring an additional 513,890 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analyst Weigh In

WPM has been the subject of a number of research reports. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Securities upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, UBS Group assumed coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a "buy" rating and a $78.00 price target for the company. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average price target of $71.67.

Wheaton Precious Metals Stock Down 0.3 %

Shares of WPM traded down $0.18 during mid-day trading on Monday, hitting $68.74. The company had a trading volume of 1,625,398 shares, compared to its average volume of 1,507,743. Wheaton Precious Metals Corp. has a 1-year low of $42.34 and a 1-year high of $70.97. The business's 50-day simple moving average is $61.97 and its 200-day simple moving average is $62.00. The stock has a market cap of $31.19 billion, a PE ratio of 51.30, a P/E/G ratio of 1.91 and a beta of 0.77.

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.