AGF Investments Inc. boosted its position in Wheaton Precious Metals Corp (NYSE:WPM) by 25.9% during the fourth quarter, Holdings Channel reports. The fund owned 487,916 shares of the company’s stock after buying an additional 100,300 shares during the quarter. AGF Investments Inc.’s holdings in Wheaton Precious Metals were worth $10,787,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. acquired a new stake in Wheaton Precious Metals in the third quarter valued at approximately $1,317,000. Russell Investments Group Ltd. boosted its position in Wheaton Precious Metals by 31.6% in the third quarter. Russell Investments Group Ltd. now owns 1,283,499 shares of the company’s stock valued at $24,502,000 after buying an additional 307,951 shares in the last quarter. SG Americas Securities LLC boosted its position in Wheaton Precious Metals by 118.4% in the third quarter. SG Americas Securities LLC now owns 16,045 shares of the company’s stock valued at $306,000 after buying an additional 8,699 shares in the last quarter. Trust Co acquired a new stake in Wheaton Precious Metals in the third quarter valued at approximately $203,000. Finally, Hexavest Inc. boosted its position in Wheaton Precious Metals by 63.9% in the fourth quarter. Hexavest Inc. now owns 310,483 shares of the company’s stock valued at $6,886,000 after buying an additional 121,004 shares in the last quarter. 50.30% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on WPM shares. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, December 19th. Royal Bank of Canada set a $26.00 target price on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Monday, January 15th. TD Securities set a $28.00 target price on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Friday, October 20th. Desjardins restated a “buy” rating on shares of Wheaton Precious Metals in a research report on Monday, December 11th. Finally, TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.00.

Wheaton Precious Metals Corp (WPM) opened at $19.47 on Wednesday. The company has a market cap of $8,640.00, a price-to-earnings ratio of 41.43, a PEG ratio of 5.79 and a beta of 0.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.80 and a current ratio of 5.80. Wheaton Precious Metals Corp has a fifty-two week low of $18.32 and a fifty-two week high of $22.72.

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Wheaton Precious Metals Profile

Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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