Fielder Capital Group LLC Has $1.39 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Fielder Capital Group LLC increased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 24,701 shares of the company’s stock after buying an additional 176 shares during the period. Fielder Capital Group LLC’s holdings in Wheaton Precious Metals were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp raised its stake in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after acquiring an additional 1,231,999 shares during the last quarter. FMR LLC increased its holdings in Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after purchasing an additional 634,843 shares during the period. National Bank of Canada FI raised its stake in Wheaton Precious Metals by 21.3% during the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after buying an additional 513,890 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Wheaton Precious Metals by 11.8% in the 4th quarter. CIBC Asset Management Inc now owns 2,541,133 shares of the company’s stock valued at $144,356,000 after purchasing an additional 267,973 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 3.4 %

Wheaton Precious Metals stock opened at $67.87 on Friday. The company has a market cap of $30.79 billion, a price-to-earnings ratio of 50.65, a PEG ratio of 1.91 and a beta of 0.77. The business’s 50 day simple moving average is $61.73 and its 200 day simple moving average is $61.87. Wheaton Precious Metals Corp. has a 12 month low of $39.04 and a 12 month high of $70.80.

Analysts Set New Price Targets

WPM has been the topic of several research reports. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Finally, TD Securities raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals presently 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.