Capital Management Associates NY Sells 9,500 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)


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Capital Management Associates NY lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 22.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,500 shares of the company’s stock after selling 9,500 shares during the quarter. Wheaton Precious Metals makes up 1.5% of Capital Management Associates NY’s holdings, making the stock its 22nd largest holding. Capital Management Associates NY’s holdings in Wheaton Precious Metals were worth $1,357,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WPM. Alleghany Corp DE bought a new position in Wheaton Precious Metals in the 3rd quarter valued at $125,129,000. Arrowstreet Capital Limited Partnership grew its position in shares of Wheaton Precious Metals by 19.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,939,667 shares of the company’s stock worth $340,373,000 after buying an additional 1,115,897 shares in the last quarter. Sprott Inc. grew its position in shares of Wheaton Precious Metals by 41.8% during the 3rd quarter. Sprott Inc. now owns 2,519,545 shares of the company’s stock worth $127,724,000 after buying an additional 742,686 shares in the last quarter. Addenda Capital Inc. grew its position in shares of Wheaton Precious Metals by 2,673.5% during the 4th quarter. Addenda Capital Inc. now owns 577,855 shares of the company’s stock worth $24,114,000 after buying an additional 557,020 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Wheaton Precious Metals by 17.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,985,002 shares of the company’s stock worth $145,993,000 after buying an additional 434,159 shares in the last quarter. 59.45% of the stock is currently owned by institutional investors.

WPM has been the topic of a number of recent research reports. Canaccord Genuity increased their price target on Wheaton Precious Metals from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, December 15th. Credit Suisse Group decreased their price objective on Wheaton Precious Metals from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, February 2nd. Barclays upgraded Wheaton Precious Metals from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $41.00 to $39.00 in a research note on Wednesday, January 6th. National Bank Financial began coverage on Wheaton Precious Metals in a research note on Monday, January 11th. They set an “outperform” rating for the company. Finally, Zacks Investment Research cut Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research note on Thursday, January 14th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $54.27.

Shares of NYSE:WPM traded down $0.68 during trading on Tuesday, hitting $39.09. The stock had a trading volume of 114,037 shares, compared to its average volume of 2,980,642. Wheaton Precious Metals Corp. has a 12-month low of $18.66 and a 12-month high of $57.89. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 50.34, a price-to-earnings-growth ratio of 8.78 and a beta of 0.55. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $40.91 and a two-hundred day simple moving average of $45.59.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, and palladium ores. It has agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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