Sapient Capital LLC Trims Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Sapient Capital LLC trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 24,420 shares of the company’s stock after selling 1,118 shares during the period. Sapient Capital LLC’s holdings in Wheaton Precious Metals were worth $1,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Merit Financial Group LLC raised its stake in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after acquiring an additional 179 shares during the period. Insigneo Advisory Services LLC raised its stake in shares of Wheaton Precious Metals by 2.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after acquiring an additional 187 shares during the period. Principal Financial Group Inc. raised its stake in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after acquiring an additional 196 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Wheaton Precious Metals by 0.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after acquiring an additional 197 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after acquiring an additional 210 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 1.1 %

NYSE WPM opened at $66.93 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The stock has a market capitalization of $30.36 billion, a PE ratio of 49.95, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The firm has a 50 day moving average of $59.86 and a two-hundred day moving average of $60.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. TD Securities lifted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, UBS Group began coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Nine 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, Wheaton Precious Metals currently has a consensus rating of “Buy” and a consensus 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.