Wheaton Precious Metals Corp. $WPM Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 91.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 800 shares of the company’s stock after selling 8,288 shares during the period. Ameritas Advisory Services LLC’s holdings in Wheaton Precious Metals were worth $89,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $26,000. Delta Asset Management LLC TN acquired a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new stake in shares of Wheaton Precious Metals during the third quarter worth approximately $29,000. City State Bank lifted its holdings in shares of Wheaton Precious Metals by 40.0% during the second quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after purchasing an additional 160 shares during the period. Finally, Pacifica Partners Inc. raised its position in Wheaton Precious Metals by 27.8% during the 3rd quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 0.4%

Shares of Wheaton Precious Metals stock opened at $145.36 on Friday. The business’s fifty day moving average price is $132.00 and its 200 day moving average price is $113.01. Wheaton Precious Metals Corp. has a twelve month low of $66.69 and a twelve month high of $160.36. The stock has a market capitalization of $66.00 billion, a P/E ratio of 66.07, a PEG ratio of 1.23 and a beta of 0.52.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. UBS Group reissued a “neutral” rating and set a $158.00 target price on shares of Wheaton Precious Metals in a research note on Friday, January 30th. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price target on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Zacks Research raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $130.00 in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $140.44.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.