Van ECK Associates Corp Sells 4,525,194 Shares of Wheaton Precious Metals Corp. $WPM

Key Points

• Van ECK cut its stake in Wheaton Precious Metals by 25.7%, selling 4,525,194 shares in Q3 and now holds 13,067,785 shares — about 2.88% of WPM worth roughly $1.46 billion, representing 1.4% of Van ECK’s portfolio.
• Wheaton is trading near $148 with a market cap of $67.35 billion and a high valuation (PE ~67.4), supported by a 50-day/200-day moving average of $140.64/$118.24 and a 1-year range of $68.03–$165.76.
• Analysts’ consensus is a Moderate Buy (10 Buys, 2 Holds) with an average target of $140.44, though individual targets vary (e.g., Scotiabank $175, UBS $158).

Van ECK Associates Corp lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 25.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,067,785 shares of the company's stock after selling 4,525,194 shares during the period. Wheaton Precious Metals makes up 1.4% of Van ECK Associates Corp's portfolio, making the stock its 19th biggest position. Van ECK Associates Corp owned about 2.88% of Wheaton Precious Metals worth $1,461,512,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new position in Wheaton Precious Metals during the third quarter worth $26,000. Delta Asset Management LLC TN acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at $27,000. Root Financial Partners LLC acquired a new stake in shares of Wheaton Precious Metals in the 3rd quarter valued at $29,000. Pacifica Partners Inc. grew its holdings 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 during the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Wheaton Precious Metals during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Up 1.0%

WPM opened at $148.34 on Tuesday. The firm has a 50-day moving average price of $140.64 and a two-hundred day moving average price of $118.24. Wheaton Precious Metals Corp. has a 1-year low of $68.03 and a 1-year high of $165.76. The stock has a market capitalization of $67.35 billion, a PE ratio of 67.43, a PEG ratio of 2.21 and a beta of 0.50.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WPM shares. Jefferies Financial Group reissued a "buy" rating and set a $145.00 price target on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Scotiabank reiterated an "outperform" rating and issued a $175.00 target price on shares of Wheaton Precious Metals in a research note on Monday, January 26th. Royal Bank Of Canada raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $115.00 to $130.00 in a report on Wednesday, December 10th. Weiss Ratings restated a "buy (b)" rating on shares of Wheaton Precious Metals in a research report on Monday, December 29th. Finally, UBS Group reaffirmed a "neutral" rating and set a $158.00 price target on shares of Wheaton Precious Metals in a report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and an average target price of $140.44.

About Wheaton Precious Metals

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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