Commonwealth Bank of Australia cut its position in Wheaton Precious Metals Corp (NYSE:WPM) by 85.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,627 shares of the company’s stock after selling 244,125 shares during the period. Commonwealth Bank of Australia’s holdings in Wheaton Precious Metals were worth $828,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in WPM. Arcadia Investment Management Corp MI grew its holdings in Wheaton Precious Metals by 52.1% during the fourth quarter. Arcadia Investment Management Corp MI now owns 4,377 shares of the company’s stock worth $85,000 after acquiring an additional 1,500 shares during the period. Midas Management Corp acquired a new stake in Wheaton Precious Metals during the fourth quarter worth about $117,000. Quadrant Capital Group LLC grew its holdings in Wheaton Precious Metals by 2,358.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,252 shares of the company’s stock worth $138,000 after acquiring an additional 6,957 shares during the period. We Are One Seven LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter worth about $165,000. Finally, Cerebellum GP LLC grew its holdings in Wheaton Precious Metals by 5.3% during the fourth quarter. Cerebellum GP LLC now owns 11,380 shares of the company’s stock worth $222,000 after acquiring an additional 575 shares during the period. 54.59% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on WPM. TheStreet raised Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Thursday, February 21st. Credit Suisse Group lowered Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 19th. Royal Bank of Canada raised their target price on Wheaton Precious Metals from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, December 17th. TD Securities raised their target price on Wheaton Precious Metals from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, December 17th. Finally, Canaccord Genuity reaffirmed an “average” rating and set a $41.00 target price on shares of Wheaton Precious Metals in a report on Sunday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $31.17.

Shares of WPM stock opened at $22.58 on Friday. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 8.22 and a beta of -0.01. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.27. Wheaton Precious Metals Corp has a 12-month low of $15.08 and a 12-month high of $22.86.

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Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming 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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Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp (NYSE:WPM).

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

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