Intellus Advisors LLC Sells 4,489 Shares of Wheaton Precious Metals Corp. $WPM

Intellus Advisors LLC decreased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,175 shares of the company’s stock after selling 4,489 shares during the quarter. Wheaton Precious Metals makes up about 3.0% of Intellus Advisors LLC’s holdings, making the stock its 12th biggest position. Intellus Advisors LLC’s holdings in Wheaton Precious Metals were worth $21,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WPM. TD Waterhouse Canada Inc. boosted its holdings in Wheaton Precious Metals by 9.4% in the third quarter. TD Waterhouse Canada Inc. now owns 809,093 shares of the company’s stock worth $89,886,000 after purchasing an additional 69,496 shares in the last quarter. J. Safra Sarasin Holding AG raised its holdings in Wheaton Precious Metals by 38.5% during the third quarter. J. Safra Sarasin Holding AG now owns 68,485 shares of the company’s stock valued at $7,659,000 after buying an additional 19,050 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Wheaton Precious Metals in the third quarter worth about $11,355,000. West Family Investments Inc. bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $247,000. Finally, Norges Bank acquired a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at about $656,463,000. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WPM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $115.00 to $130.00 in a report on Wednesday, December 10th. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price target on shares of Wheaton Precious Metals in a research report on Sunday, December 7th. Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, UBS Group reiterated a “neutral” rating and issued a $158.00 target price on shares of Wheaton Precious Metals in a research note on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.44.

Wheaton Precious Metals Stock Down 0.5%

Shares of NYSE:WPM opened at $147.06 on Friday. The company has a market cap of $66.77 billion, a price-to-earnings ratio of 66.85, a PEG ratio of 2.23 and a beta of 0.50. The business has a 50 day moving average price of $140.02 and a 200 day moving average price of $117.50. Wheaton Precious Metals Corp. has a twelve month low of $68.03 and a twelve month high of $165.76.

Wheaton Precious Metals Company 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.