Focus Partners Advisor Solutions LLC Has $2.70 Million Holdings in Wheaton Precious Metals Corp. $WPM

Focus Partners Advisor Solutions LLC raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 19.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,461 shares of the company’s stock after buying an additional 4,083 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Wheaton Precious Metals were worth $2,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WPM. Nisa Investment Advisors LLC bought a new stake in Wheaton Precious Metals in the 3rd quarter valued at $26,000. Delta Asset Management LLC TN bought a new position in Wheaton Precious Metals during the second quarter worth $27,000. Root Financial Partners LLC acquired a new position in shares of Wheaton Precious Metals in the third quarter valued at $29,000. Pacifica Partners Inc. raised its position in shares of Wheaton Precious Metals by 27.8% in the third quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock valued at $51,000 after purchasing an additional 100 shares during the period. Finally, Concord Wealth Partners bought a new position in shares of Wheaton Precious Metals in the third quarter valued at about $61,000. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WPM shares. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $130.00 in a report on Wednesday, December 10th. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 target price on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Finally, UBS Group restated a “neutral” rating and issued a $158.00 price target on shares of Wheaton Precious Metals in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Buy” and an average target price of $140.44.

Wheaton Precious Metals Stock Up 1.6%

Shares of NYSE:WPM opened at $153.71 on Thursday. Wheaton Precious Metals Corp. has a 12-month low of $68.03 and a 12-month high of $165.76. The company’s 50 day moving average price is $139.03 and its two-hundred day moving average price is $116.91. The firm has a market cap of $69.79 billion, a PE ratio of 69.87, a PEG ratio of 2.28 and a beta of 0.50.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.