Wheaton Precious Metals Corp. $WPM Stake Raised by Capital International Inc. CA

Capital International Inc. CA boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 29.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 258,877 shares of the company’s stock after acquiring an additional 58,663 shares during the quarter. Capital International Inc. CA’s holdings in Wheaton Precious Metals were worth $28,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Wheaton Precious Metals in the third quarter worth approximately $29,000. Delta Asset Management LLC TN acquired a new stake in shares of Wheaton Precious Metals during the second quarter worth approximately $27,000. Pacifica Partners Inc. grew 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 purchasing an additional 100 shares in the last quarter. Finally, Concord Wealth Partners purchased a new position in Wheaton Precious Metals during the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $150.67 on Wednesday. The firm has a market cap of $68.41 billion, a PE ratio of 68.49, a PEG ratio of 2.21 and a beta of 0.50. The firm’s 50 day moving average price is $141.28 and its 200 day moving average price is $118.63. Wheaton Precious Metals Corp. has a twelve month low of $68.03 and a twelve month high of $165.76.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WPM shares. Scotiabank reiterated an “outperform” rating and issued a $175.00 price objective on shares of Wheaton Precious Metals in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating and issued a $158.00 price target on shares of Wheaton Precious Metals in a research note on Friday, January 30th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $115.00 to $130.00 in a research report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $140.44.

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.