Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,909 shares of the company’s stock after selling 22,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wheaton Precious Metals were worth $11,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fielder Capital Group LLC lifted its stake in Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock valued at $1,389,000 after acquiring an additional 176 shares during the period. Merit Financial Group LLC lifted its position in Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after purchasing an additional 179 shares during the period. Insigneo Advisory Services LLC boosted its holdings in Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after purchasing an additional 187 shares during the last quarter. Principal Financial Group Inc. grew its position in Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after purchasing an additional 196 shares during the period. Finally, Pacer Advisors Inc. grew its position in Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock worth $226,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $71.33 on Thursday. Wheaton Precious Metals Corp. has a 12 month low of $43.18 and a 12 month high of $72.00. The stock has a market capitalization of $32.36 billion, a PE ratio of 53.23, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The business has a 50 day simple moving average of $63.80 and a 200-day simple moving average of $62.47.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.