Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Wheaton Precious Metals Corp (NYSE:WPM) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,871 shares of the company’s stock after acquiring an additional 12,526 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wheaton Precious Metals were worth $5,033,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of WPM. Bessemer Group Inc. acquired a new position in shares of Wheaton Precious Metals during the 1st quarter valued at $40,000. Pacitti Group Inc. boosted its stake in shares of Wheaton Precious Metals by 33.2% during the 1st quarter. Pacitti Group Inc. now owns 2,408 shares of the company’s stock worth $66,000 after acquiring an additional 600 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Wheaton Precious Metals in the second quarter worth $67,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals in the second quarter worth $79,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Wheaton Precious Metals in the first quarter worth $86,000. Hedge funds and other institutional investors own 58.04% of the company’s stock.
Several analysts have recently commented on the company. Royal Bank of Canada cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $31.00 to $35.00 in a research report on Friday, May 15th. Standpoint Research cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Raymond James lifted their price objective on Wheaton Precious Metals from $45.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Zacks Investment Research cut Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research report on Thursday, July 23rd. Finally, Credit Suisse Group lifted their price objective on Wheaton Precious Metals from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.70.
Wheaton Precious Metals stock opened at $54.33 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50-day simple moving average is $45.44 and its 200-day simple moving average is $36.47. The firm has a market capitalization of $24.39 billion, a PE ratio of 201.22, a PEG ratio of 11.45 and a beta of 0.49. Wheaton Precious Metals Corp has a 52 week low of $18.66 and a 52 week high of $57.23.
Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $254.79 million for the quarter, compared to analyst estimates of $250.67 million. Wheaton Precious Metals had a return on equity of 5.59% and a net margin of 13.88%. Research analysts forecast that Wheaton Precious Metals Corp will post 0.96 earnings per share for the current year.
Wheaton Precious Metals Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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