World Asset Management Inc bought a new position in Wheaton Precious Metals Corp (NYSE:WPM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 26,017 shares of the company’s stock, valued at approximately $517,000.
Separately, Capstone Asset Management Co. purchased a new stake in Wheaton Precious Metals Corp during the second quarter worth approximately $1,082,000. Institutional investors own 50.38% of the company’s stock.
Shares of Wheaton Precious Metals Corp (WPM) opened at 19.87 on Thursday. The stock has a market capitalization of $8.78 billion, a P/E ratio of 40.63 and a beta of 0.40. The company has a 50 day moving average price of $19.77 and a 200-day moving average price of $20.45. Wheaton Precious Metals Corp has a 52-week low of $16.94 and a 52-week high of $31.35.
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A number of equities research analysts recently commented on WPM shares. Zacks Investment Research downgraded Wheaton Precious Metals Corp from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Deutsche Bank AG reiterated a “hold” rating and issued a $29.00 target price (down from $31.00) on shares of Wheaton Precious Metals Corp in a research report on Sunday, June 25th. Royal Bank Of Canada set a $27.00 target price on Wheaton Precious Metals Corp and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $27.00 target price on shares of Wheaton Precious Metals Corp in a research report on Sunday, June 18th.
Wheaton Precious Metals Corp Company Profile
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
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