US Bancorp DE Acquires 2,506 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

US Bancorp DE raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 35.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,673 shares of the company’s stock after acquiring an additional 2,506 shares during the period. US Bancorp DE’s holdings in Wheaton Precious Metals were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. FMR LLC increased its stake in Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after buying an additional 1,231,999 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Wheaton Precious Metals by 1,865.2% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock worth $76,061,000 after acquiring an additional 1,182,156 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after acquiring an additional 634,843 shares during the period. Finally, National Bank of Canada FI lifted its position in Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after acquiring an additional 513,890 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Wheaton Precious Metals Stock Up 2.1 %

Shares of Wheaton Precious Metals stock opened at $71.16 on Wednesday. The stock has a market cap of $32.28 billion, a P/E ratio of 53.10, a P/E/G ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12-month low of $43.18 and a 12-month high of $72.00. The business’s 50 day moving average is $63.80 and its 200-day moving average is $62.47.

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.