Vontobel Holding Ltd. Has $1.36 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Vontobel Holding Ltd. reduced its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,161 shares of the company's stock after selling 10,397 shares during the period. Vontobel Holding Ltd.'s holdings in Wheaton Precious Metals were worth $1,358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $29,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the fourth quarter valued at about $39,000. GAMMA Investing LLC bought a new stake in Wheaton Precious Metals during the fourth quarter valued at about $41,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals in the third quarter valued at about $48,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 2.8 %

NYSE WPM traded down $1.94 on Friday, reaching $68.01. The company's stock had a trading volume of 1,803,497 shares, compared to its average volume of 1,493,826. The firm has a market cap of $30.85 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $70.31. The business has a 50-day moving average price of $60.89 and a 200 day moving average price of $61.47.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Securities increased 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. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective on the stock. Raymond James boosted their target price on shares of 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 raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and a consensus price target of $71.67.

About Wheaton Precious Metals

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.