Tobam Has $595,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Tobam reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 45.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,578 shares of the company's stock after selling 8,695 shares during the quarter. Tobam's holdings in Wheaton Precious Metals were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Merit Financial Group LLC raised its stake in shares of Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after buying an additional 179 shares during the last quarter. Insigneo Advisory Services LLC raised its position in shares of Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after acquiring an additional 187 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after purchasing an additional 196 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company's stock worth $2,110,000 after purchasing an additional 197 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in Wheaton Precious Metals by 1.0% in the third quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company's stock valued at $1,318,000 after purchasing an additional 210 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WPM. TD Securities lifted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 target price for the company. Raymond James raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $0.43 on Tuesday, hitting $67.24. 645,223 shares of the company's stock were exchanged, compared to its average volume of 1,428,049. The company has a 50 day moving average of $59.78 and a 200 day moving average of $60.87. The stock has a market cap of $30.51 billion, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64.

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.