Generali Investments CEE investicni spolecnost a.s. Makes New $959,000 Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,048 shares of the company’s stock, valued at approximately $959,000.

Several other large investors also recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $29,000. Promus Capital LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $38,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 0.5 %

Wheaton Precious Metals stock opened at $70.52 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $43.18 and a twelve month high of $71.81. The stock has a 50 day moving average of $63.23 and a two-hundred day moving average of $62.34. The stock has a market capitalization of $31.99 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 1.91 and a beta of 0.76.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WPM. UBS Group began coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Buy” and a consensus target price of $71.67.

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.