Yousif Capital Management LLC Has $323,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Yousif Capital Management LLC lessened its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,745 shares of the company’s stock after selling 1,190 shares during the quarter. Yousif Capital Management LLC’s holdings in Wheaton Precious Metals were worth $323,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DAVENPORT & Co LLC grew its stake in shares of Wheaton Precious Metals by 2.1% during the 4th quarter. DAVENPORT & Co LLC now owns 40,534 shares of the company’s stock worth $2,280,000 after acquiring an additional 822 shares in the last quarter. SeaBridge Investment Advisors LLC grew its position in Wheaton Precious Metals by 3.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 62,290 shares of the company’s stock valued at $3,503,000 after purchasing an additional 2,266 shares in the last quarter. Forsta AP Fonden increased its stake in Wheaton Precious Metals by 1.1% in the 4th quarter. Forsta AP Fonden now owns 98,500 shares of the company’s stock valued at $5,541,000 after buying an additional 1,100 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Wheaton Precious Metals by 25.6% in the 4th quarter. Perigon Wealth Management LLC now owns 9,939 shares of the company’s stock valued at $571,000 after buying an additional 2,025 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock worth $226,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $67.58 on Tuesday. The firm has a market cap of $30.66 billion, a P/E ratio of 50.44, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $69.58. The firm’s 50-day simple moving average is $60.33 and its 200 day simple moving average is $61.19.

Analyst Ratings Changes

A number of research firms recently issued reports on WPM. Raymond James lifted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group started coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. TD Securities increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals 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.