Capital International Investors Sells 47,480 Shares of Wheaton Precious Metals Corp. $WPM

Key Points

• Capital International Investors sold 47,480 shares in Q3 (a 0.6% trim) and now holds 7,502,126 shares — about a 1.65% stake valued at roughly $839,038,000.
• Wheaton Precious Metals trades around $150.67 with a 12‑month range of $68.03–$165.76 and a market cap of $68.41 billion; analysts' consensus is a “Moderate Buy” with an average price target of $140.44 (10 Buys, 2 Holds).
• The stock has high institutional ownership, with 70.34% held by hedge funds and other institutional investors.

Capital International Investors trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,502,126 shares of the company's stock after selling 47,480 shares during the quarter. Capital International Investors owned about 1.65% of Wheaton Precious Metals worth $839,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC purchased a new stake in Wheaton Precious Metals in the third quarter worth about $26,000. Delta Asset Management LLC TN purchased a new position in shares of Wheaton Precious Metals during the second quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new position in shares of Wheaton Precious Metals during the third quarter valued at approximately $29,000. Pacifica Partners Inc. boosted its position 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 worth $51,000 after purchasing an additional 100 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth approximately $61,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Up 1.8%

Shares of NYSE WPM opened at $150.67 on Wednesday. Wheaton Precious Metals Corp. has a twelve month low of $68.03 and a twelve month high of $165.76. The firm has a market cap of $68.41 billion, a P/E ratio of 68.49, a PEG ratio of 2.21 and a beta of 0.50. The company has a 50 day moving average of $141.28 and a 200 day moving average of $118.63.

Analyst Ratings Changes

A number of research analysts recently weighed in on WPM shares. Scotiabank reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Wheaton Precious Metals in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. UBS Group reissued a "neutral" rating and issued a $158.00 target price on shares of Wheaton Precious Metals in a research note on Friday, January 30th. Jefferies Financial Group restated a "buy" rating and set a $145.00 price target on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Finally, Royal Bank Of Canada raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, December 10th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.44.

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.

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