Oppenheimer & Co. Inc. Sells 192 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Oppenheimer & Co. Inc. lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,087 shares of the company’s stock after selling 192 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Wheaton Precious Metals were worth $3,998,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Merit Financial Group LLC raised its position in Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after purchasing an additional 179 shares in the last quarter. Insigneo Advisory Services LLC increased 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 purchasing an additional 187 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after buying an additional 196 shares in the last quarter. Western Pacific Wealth Management LP raised its holdings in shares of Wheaton Precious Metals by 13.9% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company’s stock valued at $106,000 after buying an additional 212 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Wheaton Precious Metals by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock worth $226,000 after buying an additional 216 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Up 1.5 %

Shares of WPM opened at $69.07 on Friday. The firm has a fifty day simple moving average of $61.97 and a two-hundred day simple moving average of $61.97. Wheaton Precious Metals Corp. has a twelve month low of $40.50 and a twelve month high of $70.80. The stock has a market capitalization of $31.34 billion, a P/E ratio of 51.55, a PEG ratio of 1.91 and a beta of 0.77.

Analysts Set New Price Targets

WPM has been the topic of a number of recent research reports. TD Securities increased their price target 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. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.