LGT Group Foundation Buys 19,658 Shares of Wheaton Precious Metals Corp. $WPM

LGT Group Foundation boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 21.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 109,718 shares of the company’s stock after buying an additional 19,658 shares during the period. LGT Group Foundation’s holdings in Wheaton Precious Metals were worth $12,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacifica Partners Inc. increased its position in Wheaton Precious Metals by 27.8% during the third quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock valued at $51,000 after acquiring an additional 100 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of Wheaton Precious Metals by 0.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 12,872 shares of the company’s stock worth $1,440,000 after purchasing an additional 110 shares during the period. AE Wealth Management LLC grew its holdings in Wheaton Precious Metals by 2.1% during the 3rd quarter. AE Wealth Management LLC now owns 6,091 shares of the company’s stock valued at $681,000 after purchasing an additional 123 shares during the last quarter. Uncommon Cents Investing LLC grew its holdings in Wheaton Precious Metals by 1.5% during the 3rd quarter. Uncommon Cents Investing LLC now owns 8,940 shares of the company’s stock valued at $1,000,000 after purchasing an additional 135 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in Wheaton Precious Metals by 0.3% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 50,492 shares of the company’s stock worth $5,647,000 after purchasing an additional 143 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on WPM. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $130.00 in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. UBS Group reissued a “neutral” rating and set a $158.00 price target on shares of Wheaton Precious Metals in a research note on Friday, January 30th. Finally, Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $140.44.

Wheaton Precious Metals Stock Down 0.5%

Shares of NYSE:WPM opened at $147.06 on Monday. Wheaton Precious Metals Corp. has a 52 week low of $68.03 and a 52 week high of $165.76. The firm has a 50 day moving average of $140.02 and a 200 day moving average of $117.86. The company has a market capitalization of $66.77 billion, a price-to-earnings ratio of 66.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50.

About Wheaton Precious Metals

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.