Wheaton Precious Metals Corp. (NYSE:WPM) Position Lessened by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,217 shares of the company’s stock after selling 1,775 shares during the period. Moors & Cabot Inc.’s holdings in Wheaton Precious Metals were worth $2,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fielder Capital Group LLC raised its holdings in shares of Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock worth $1,389,000 after acquiring an additional 176 shares in the last quarter. Merit Financial Group LLC raised its holdings in Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after buying an additional 179 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in Wheaton Precious Metals by 2.2% during the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after buying an additional 187 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after buying an additional 196 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock valued at $226,000 after buying an additional 216 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $71.33 on Thursday. The company has a market cap of $32.36 billion, a P/E ratio of 53.23, a P/E/G ratio of 1.91 and a beta of 0.77. The stock’s 50-day moving average is $63.80 and its 200-day moving average is $62.47. Wheaton Precious Metals Corp. has a 52-week low of $43.18 and a 52-week high of $72.00.

About Wheaton Precious Metals

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.