Andra AP fonden Invests $1.95 Million in Wheaton Precious Metals Corp. (NYSE:WPM)

Andra AP fonden acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,700 shares of the company’s stock, valued at approximately $1,952,000.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the 4th quarter worth $29,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth $32,000. Laurel Wealth Advisors LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth $39,000. Quintet Private Bank Europe S.A. acquired a new position in Wheaton Precious Metals during the 4th quarter worth $39,000. Finally, GAMMA Investing LLC acquired a new position in Wheaton Precious Metals during the 4th quarter worth $41,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 0.5 %

WPM stock opened at $70.52 on Monday. Wheaton Precious Metals Corp. has a twelve month low of $43.18 and a twelve month high of $71.81. The business’s fifty day moving average is $63.23 and its 200-day moving average is $62.35. The company has a market cap of $31.99 billion, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

Wall Street Analyst Weigh In

Several research firms have issued reports on WPM. UBS Group began coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Buy” and an average price target of $71.67.

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.