Wheaton Precious Metals Corp. $WPM Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 231.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221,817 shares of the company’s stock after buying an additional 154,794 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Wheaton Precious Metals were worth $24,810,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in shares of Wheaton Precious Metals during the 3rd quarter worth $26,000. Delta Asset Management LLC TN purchased a new position in Wheaton Precious Metals during the second quarter worth about $27,000. Root Financial Partners LLC purchased a new position in Wheaton Precious Metals during the third quarter worth about $29,000. City State Bank boosted its holdings in Wheaton Precious Metals by 40.0% in the 2nd quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 160 shares during the last quarter. Finally, Pacifica Partners Inc. grew its stake 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 valued at $51,000 after buying an additional 100 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 2.6%

WPM opened at $142.15 on Wednesday. The stock’s 50-day moving average price is $130.79 and its 200 day moving average price is $112.55. Wheaton Precious Metals Corp. has a 12-month low of $66.69 and a 12-month high of $160.36. The firm has a market cap of $64.54 billion, a price-to-earnings ratio of 64.61, a PEG ratio of 1.25 and a beta of 0.52.

Analysts Set New Price Targets

A number of research analysts recently commented on WPM shares. Zacks Research upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $115.00 to $130.00 in a research note on Wednesday, December 10th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “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.