Meixler Investment Management Ltd. Sells 810 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Meixler Investment Management Ltd. decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,539 shares of the company’s stock after selling 810 shares during the quarter. Meixler Investment Management Ltd.’s holdings in Wheaton Precious Metals were worth $480,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. GAMMA Investing LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $41,000. St. Johns Investment Management Company LLC bought a new stake in Wheaton Precious Metals during the third quarter worth approximately $48,000. Finally, Exchange Traded Concepts LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $54,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 2.4 %

Shares of NYSE WPM opened at $67.58 on Friday. The business has a fifty day simple moving average of $60.22 and a 200 day simple moving average of $61.12. The firm has a market capitalization of $30.66 billion, a price-to-earnings ratio of 50.44, a PEG ratio of 1.70 and a beta of 0.77. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $69.58.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group assumed coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 target price for the company. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Securities upped 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. Finally, Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock 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.