D.A. Davidson & CO. Has $958,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

D.A. Davidson & CO. cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 43.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,025 shares of the company’s stock after selling 13,170 shares during the quarter. D.A. Davidson & CO.’s holdings in Wheaton Precious Metals were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in Wheaton Precious Metals by 5.6% during the third quarter. Creative Planning now owns 44,000 shares of the company’s stock worth $2,688,000 after purchasing an additional 2,318 shares during the period. Sequoia Financial Advisors LLC raised its position in Wheaton Precious Metals by 26.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,633 shares of the company’s stock valued at $344,000 after purchasing an additional 1,171 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Wheaton Precious Metals by 5,864.8% in the third quarter. International Assets Investment Management LLC now owns 278,196 shares of the company’s stock worth $16,992,000 after purchasing an additional 273,532 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Wheaton Precious Metals by 12.8% in the third quarter. Assenagon Asset Management S.A. now owns 19,007 shares of the company’s stock worth $1,162,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of Wheaton Precious Metals during the third quarter worth $208,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $68.01 on Monday. The firm’s 50 day simple moving average is $60.89 and its 200 day simple moving average is $61.57. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $70.31. The company has a market capitalization of $30.85 billion, a price-to-earnings ratio of 50.75, a P/E/G ratio of 1.91 and a beta of 0.77.

Analyst Ratings Changes

Several research firms have weighed in on WPM. UBS Group initiated 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 for the company. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, TD Securities boosted their target price on 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.