Proficio Capital Partners LLC Has $27.33 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Proficio Capital Partners LLC grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 5,754.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 485,914 shares of the company's stock after buying an additional 477,614 shares during the period. Proficio Capital Partners LLC owned 0.11% of Wheaton Precious Metals worth $27,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its position in Wheaton Precious Metals by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 176,630 shares of the company's stock worth $9,937,000 after purchasing an additional 2,900 shares during the period. K.J. Harrison & Partners Inc bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $290,000. Sprott Inc. boosted its holdings in shares of Wheaton Precious Metals by 29.3% during the 4th quarter. Sprott Inc. now owns 993,447 shares of the company's stock worth $55,925,000 after buying an additional 224,980 shares during the period. Bank of New York Mellon Corp grew its stake in Wheaton Precious Metals by 9.1% in the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock valued at $22,442,000 after buying an additional 33,256 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Wheaton Precious Metals by 172.5% in the 4th quarter. IFP Advisors Inc now owns 2,153 shares of the company's stock valued at $121,000 after acquiring an additional 1,363 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WPM has been the topic of several research reports. 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 report on Friday, November 8th. 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 objective on the stock. Finally, Stifel Canada raised shares of 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 issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Stock Up 0.9 %

Shares of NYSE:WPM traded up $0.64 during midday trading on Tuesday, hitting $69.38. The stock had a trading volume of 768,636 shares, compared to its average volume of 1,493,988. The company has a market capitalization of $31.47 billion, a P/E ratio of 51.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The company's 50-day moving average price is $62.20 and its 200-day moving average price is $62.08. Wheaton Precious Metals Corp. has a fifty-two week low of $42.52 and a fifty-two week high of $70.97.

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.