Financial Sense Advisors Inc. Grows Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Financial Sense Advisors Inc. raised its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,731 shares of the company’s stock after acquiring an additional 551 shares during the quarter. Wheaton Precious Metals makes up about 1.2% of Financial Sense Advisors Inc.’s holdings, making the stock its 21st largest holding. Financial Sense Advisors Inc.’s holdings in Wheaton Precious Metals were worth $3,528,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WPM. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $39,000. GAMMA Investing LLC purchased a new position in Wheaton Precious Metals during the fourth quarter worth about $41,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals during the 3rd quarter worth approximately $48,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at approximately $53,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $69.48 on Thursday. The stock has a 50-day simple moving average of $60.57 and a 200-day simple moving average of $61.32. The company has a market capitalization of $31.52 billion, a P/E ratio of 51.85, a PEG ratio of 1.71 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $69.66.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Raymond James upped their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. TD Securities raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, UBS Group initiated 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 target for the company. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals currently has a consensus 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.