Ruffer LLP Sells 20,925 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Ruffer LLP reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 201,024 shares of the company’s stock after selling 20,925 shares during the quarter. Ruffer LLP’s holdings in Wheaton Precious Metals were worth $11,306,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Van ECK Associates Corp increased its stake in Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after buying an additional 1,231,999 shares in the last quarter. FMR LLC grew its position in shares of Wheaton Precious Metals by 33.7% during 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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 in the last quarter. National Bank of Canada FI grew its position in shares of Wheaton Precious Metals by 21.3% during the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after purchasing an additional 513,890 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings 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 acquiring an additional 267,973 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM opened at $70.52 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $43.18 and a 1-year high of $71.81. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of 52.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The company’s 50 day simple moving average is $63.23 and its two-hundred day simple moving average is $62.34.

Analyst Ratings Changes

Several analysts have issued reports on WPM shares. UBS Group started coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals 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.