Vontobel Holding Ltd. Has $1.36 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Vontobel Holding Ltd. cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 30.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,161 shares of the company’s stock after selling 10,397 shares during the period. Vontobel Holding Ltd.’s holdings in Wheaton Precious Metals were worth $1,358,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wheaton Precious Metals by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock valued at $58,422,000 after purchasing an additional 36,970 shares in the last quarter. Swiss National Bank boosted its position in Wheaton Precious Metals by 0.8% during the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock valued at $83,854,000 after purchasing an additional 10,600 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Wheaton Precious Metals in the third quarter valued at approximately $1,287,000. CWA Asset Management Group LLC lifted its position in shares of Wheaton Precious Metals by 19.7% in the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company’s stock valued at $9,196,000 after buying an additional 26,924 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Wheaton Precious Metals by 48.1% during the third quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company’s stock worth $91,683,000 after purchasing an additional 487,190 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 2.4 %

WPM opened at $67.58 on Tuesday. The business’s fifty day simple moving average is $60.33 and its 200 day simple moving average is $61.19. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $69.58. The stock has a market cap of $30.66 billion, a PE ratio of 50.44, a P/E/G ratio of 1.70 and a beta of 0.77.

Analyst Ratings Changes

A number of research firms have commented on WPM. UBS Group assumed coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. Raymond James boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.