Wheaton Precious Metals Corp. $WPM Stake Lowered by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,347 shares of the company’s stock after selling 4,915 shares during the period. Gamco Investors INC. ET AL’s holdings in Wheaton Precious Metals were worth $7,756,000 at the end of the most recent reporting period.

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

Wheaton Precious Metals Stock Performance

WPM opened at $147.06 on Monday. The company has a market capitalization of $66.77 billion, a PE ratio of 66.85, a P/E/G ratio of 2.21 and a beta of 0.50. The stock’s fifty day moving average is $140.02 and its 200-day moving average is $117.86. Wheaton Precious Metals Corp. has a one year low of $68.03 and a one year high of $165.76.

Analyst Ratings Changes

Several research firms have commented on WPM. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. UBS Group reissued a “neutral” rating and issued a $158.00 price objective on shares of Wheaton Precious Metals in a report on Friday, January 30th. Zacks Research downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price target on shares of Wheaton Precious Metals in a research note on Sunday, December 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.44.

About Wheaton Precious Metals

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.