Wheaton Precious Metals Corp. (NYSE:WPM) reached 63.2% versus a 1-year low price of $15.08. The stock was last seen -1.52% lower, reaching at $24.61 on 6/25/2019. At a recent session, the prices were hovering between $24.289 and $25.22. This company shares are 20.97% off its target price of $29.77 and the current market capitalization stands at $11.02B. The recent change has given its price a 13.05% lead over SMA 50 and -2.5% deficit over its 52-week high. The stock witnessed 21.23% gains, -1.91% declines and 30.14% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WPM’s volatility during a week at 2.97% and during a month it has been found around 2.47%.
What Does Wheaton Precious Metals Corp. (WPM) Do?
The company describes itself in regulatory filings as, “Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Peñasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/WPM/profile under company description.]Wheaton Precious Metals Corp. (WPM) Top Holders
Institutional investors currently hold around $6.41 billion or 64.1% in WPM stock. Look at its top three institutional owners: Franklin Resources Inc owns $1.03 billion in Wheaton Precious Metals Corp., which represents roughly 9.38% of the company’s market cap and approximately 16.14% of the institutional ownership. Similar statistics are true for the second largest owner, First Eagle Investment Management, Llc, which owns 28,123,305 shares of the stock are valued at $702.8 million. The third largest holder is Van Eck Associates Corp, which currently holds $624.12 million worth of this stock and that ownership represents nearly 5.66% of its market capitalization.
At the end of March reporting period, 163 institutional holders increased their position in Wheaton Precious Metals Corp. (NYSE:WPM) by some 25,173,502 shares, 123 decreased positions by 17,885,404 and 88 held positions by 213,280,367. That puts total institutional holdings at 256,339,273 shares, according to SEC filings. The stock grabbed 56 new institutional investments totaling 5,120,943 shares while 32 institutional investors sold out their entire positions totaling 2,029,002 shares.Wheaton Precious Metals Corp. (WPM) Analyst Guide
Several analysts have released their opinion on Wheaton Precious Metals Corp. (NYSE:WPM), with 3 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 9 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.93 average brokerage recommendation [T1].