Beirne Wealth Consulting Services LLC Has $788,000 Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Beirne Wealth Consulting Services LLC trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 9.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,009 shares of the company’s stock after selling 1,484 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in Wheaton Precious Metals were worth $788,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WPM. Van ECK Associates Corp boosted its stake in shares of Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after acquiring an additional 1,231,999 shares in the last quarter. FMR LLC raised its position in shares of Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Wheaton Precious Metals by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after buying an additional 634,843 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Wheaton Precious Metals by 21.3% during the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after buying an additional 513,890 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Wheaton Precious Metals by 11.8% in the 4th quarter. CIBC Asset Management Inc now owns 2,541,133 shares of the company’s stock valued at $144,356,000 after buying an additional 267,973 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WPM. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group assumed coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 target price for the company. Raymond James lifted 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, TD Securities increased their price objective 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. 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 data from MarketBeat, the company has an average rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $68.71 on Wednesday. The business’s fifty day moving average price is $60.46 and its two-hundred day moving average price is $61.27. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $69.58. The stock has a market capitalization of $31.17 billion, a price-to-earnings ratio of 51.28, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77.

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.