Ruffer LLP Trims Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Ruffer LLP lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,024 shares of the company’s stock after selling 20,925 shares during the period. Ruffer LLP’s holdings in Wheaton Precious Metals were worth $11,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WPM. US Bancorp DE increased its holdings in Wheaton Precious Metals by 4.2% during the 3rd quarter. US Bancorp DE now owns 7,167 shares of the company’s stock valued at $438,000 after purchasing an additional 290 shares during the period. Farther Finance Advisors LLC increased its holdings in Wheaton Precious Metals by 31.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company’s stock valued at $111,000 after purchasing an additional 432 shares during the period. Janney Montgomery Scott LLC increased its holdings in Wheaton Precious Metals by 3.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,639 shares of the company’s stock valued at $2,299,000 after purchasing an additional 1,273 shares during the period. Principal Financial Group Inc. increased its holdings in 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 purchasing an additional 196 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in Wheaton Precious Metals by 4.7% during the 3rd quarter. Confluence Investment Management LLC now owns 12,120 shares of the company’s stock valued at $740,000 after purchasing an additional 546 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group assumed coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine 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, the company currently has a consensus rating of “Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Trading Up 0.5 %

WPM stock opened at $70.52 on Friday. The stock’s 50 day simple moving average is $63.23 and its 200 day simple moving average is $62.34. The stock has a market capitalization of $31.99 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12-month low of $43.18 and a 12-month high of $71.81.

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.