Intellus Advisors LLC Sells 4,489 Shares of Wheaton Precious Metals Corp. $WPM

Intellus Advisors LLC trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 193,175 shares of the company’s stock after selling 4,489 shares during the period. Wheaton Precious Metals accounts for about 3.0% of Intellus Advisors LLC’s holdings, making the stock its 12th largest position. Intellus Advisors LLC’s holdings in Wheaton Precious Metals were worth $21,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the third quarter valued at about $26,000. Root Financial Partners LLC bought a new position in Wheaton Precious Metals during the third quarter valued at about $29,000. Delta Asset Management LLC TN acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at approximately $27,000. Pacifica Partners Inc. raised its holdings in Wheaton Precious Metals by 27.8% in the 3rd quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock valued at $51,000 after acquiring an additional 100 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth approximately $61,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $147.06 on Friday. The business has a 50 day simple moving average of $140.02 and a 200 day simple moving average of $117.50. The company has a market capitalization of $66.77 billion, a PE ratio of 66.85, a price-to-earnings-growth ratio of 2.23 and a beta of 0.50. Wheaton Precious Metals Corp. has a one year low of $68.03 and a one year high of $165.76.

Analysts Set New Price Targets

A number of research analysts recently commented on WPM shares. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Scotiabank reiterated an “outperform” rating and set a $175.00 price target on shares of Wheaton Precious Metals in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, February 4th. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $145.00 target price on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus target price of $140.44.

Wheaton Precious Metals 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.