Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,654 shares of the company’s stock after selling 766 shares during the quarter. Sanctuary Advisors LLC’s holdings in Wheaton Precious Metals were worth $430,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth about $29,000. Laurel Wealth Advisors LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. GAMMA Investing LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth approximately $41,000. Exchange Traded Concepts LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $54,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $62,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WPM. TD Securities raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. 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 presently has an average rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Trading Up 1.5 %

Shares of NYSE WPM opened at $69.07 on Monday. Wheaton Precious Metals Corp. has a 12-month low of $40.50 and a 12-month high of $70.80. The company has a market cap of $31.34 billion, a PE ratio of 51.55, a P/E/G ratio of 1.91 and a beta of 0.77. The stock has a 50 day simple moving average of $61.97 and a 200-day simple moving average of $62.00.

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.