Ruffer LLP lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 9.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,024 shares of the company's stock after selling 20,925 shares during the quarter. Ruffer LLP's holdings in Wheaton Precious Metals were worth $11,306,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in WPM. Versant Capital Management Inc purchased a new stake in Wheaton Precious Metals in the fourth quarter worth $29,000. Promus Capital LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Wheaton Precious Metals in the fourth quarter valued at about $38,000. Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $39,000. 70.34% of the stock is currently owned by institutional investors.
Wheaton Precious Metals Stock Up 2.5 %
Shares of Wheaton Precious Metals stock traded up $1.81 during mid-day trading on Thursday, reaching $72.98. 2,440,900 shares of the stock traded hands, compared to its average volume of 1,548,970. The business has a 50-day moving average of $64.10 and a 200 day moving average of $62.53. The stock has a market capitalization of $33.11 billion, a PE ratio of 54.46, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $43.18 and a fifty-two week high of $73.77.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on WPM. UBS Group initiated 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. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $71.67.
Check Out Our Latest Stock Analysis on WPM
About Wheaton Precious Metals
(
Free Report)
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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