Wheaton Precious Metals Corp. $WPM Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. trimmed its position in Wheaton Precious Metals by 2.7% in Q3, selling 17,671 shares and now holding 646,177 shares (about 0.14% of the company) valued at roughly $72.27 million.
• Institutional investors own 70.34% of WPM; the stock opened at $153.71, trading within a 12‑month range of $68.03–$165.76 as several smaller institutions initiated or increased stakes in Q2–Q3.
• Analysts have a consensus "Buy" rating (1 Strong Buy, 10 Buy, 1 Hold) with an average target of $140.44, meaning the current price sits above the consensus target.

American Century Companies Inc. lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 646,177 shares of the company's stock after selling 17,671 shares during the quarter. American Century Companies Inc. owned 0.14% of Wheaton Precious Metals worth $72,272,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the third quarter worth $26,000. Delta Asset Management LLC TN purchased a new position in shares of Wheaton Precious Metals in the second quarter worth about $27,000. Root Financial Partners LLC acquired a new position in Wheaton Precious Metals during the third quarter worth about $29,000. Pacifica Partners Inc. boosted its position in Wheaton Precious Metals by 27.8% during the third quarter. Pacifica Partners Inc. now owns 460 shares of the company's stock worth $51,000 after acquiring an additional 100 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in Wheaton Precious Metals during the 3rd quarter valued at about $61,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $153.71 on Thursday. Wheaton Precious Metals Corp. has a 12 month low of $68.03 and a 12 month high of $165.76. The stock has a market cap of $69.79 billion, a PE ratio of 69.87, a P/E/G ratio of 2.28 and a beta of 0.50. The stock's 50-day moving average is $139.03 and its two-hundred day moving average is $116.91.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Scotiabank restated an "outperform" rating and issued a $175.00 price objective on shares of Wheaton Precious Metals in a report on Monday, January 26th. UBS Group reaffirmed a "neutral" rating and set a $158.00 price objective on shares of Wheaton Precious Metals in a research report on Friday, January 30th. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Sunday, January 18th. Weiss Ratings restated a "buy (b)" rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price 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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