Fielder Capital Group LLC Increases Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Fielder Capital Group LLC grew its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,701 shares of the company’s stock after buying an additional 176 shares during the period. Fielder Capital Group LLC’s holdings in Wheaton Precious Metals were worth $1,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $39,000. GAMMA Investing LLC acquired a new position in Wheaton Precious Metals in the fourth quarter valued at $41,000. Kestra Investment Management LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter valued at approximately $53,000. Finally, Exchange Traded Concepts LLC purchased a new position in Wheaton Precious Metals in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 3.4 %

Shares of NYSE:WPM opened at $67.87 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $39.04 and a 12-month high of $70.80. The company has a market cap of $30.79 billion, a P/E ratio of 50.65, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The company’s fifty day moving average is $61.73 and its two-hundred day moving average is $61.87.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. 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 objective for the company. Finally, TD Securities boosted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of $71.67.

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.