Moran Wealth Management LLC Purchases 7,991 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Moran Wealth Management LLC grew its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,399 shares of the company's stock after buying an additional 7,991 shares during the period. Moran Wealth Management LLC's holdings in Wheaton Precious Metals were worth $1,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at about $29,000. Promus Capital LLC bought a new stake in Wheaton Precious Metals in the 4th quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Wheaton Precious Metals in the 4th quarter valued at about $38,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of analyst reports. 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 on the stock. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of "Buy" and a consensus target price of $71.67.

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Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $71.16 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $43.18 and a 52 week high of $72.00. The stock has a market capitalization of $32.28 billion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The stock has a fifty day moving average of $63.80 and a 200-day moving average of $62.47.

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.

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