BlackRock Inc. Decreases Position in Wheaton Precious Metals Corp (WPM)

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BlackRock Inc. reduced its stake in Wheaton Precious Metals Corp (NYSE:WPM) by 37.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 993,136 shares of the company’s stock after selling 590,868 shares during the quarter. BlackRock Inc. owned 0.22% of Wheaton Precious Metals worth $17,379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Wheaton Precious Metals by 588.5% during the third quarter. JPMorgan Chase & Co. now owns 2,077,956 shares of the company’s stock valued at $36,364,000 after purchasing an additional 1,776,164 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Wheaton Precious Metals in the 3rd quarter worth approximately $1,125,000. Private Advisor Group LLC lifted its holdings in shares of Wheaton Precious Metals by 52.3% in the 3rd quarter. Private Advisor Group LLC now owns 28,206 shares of the company’s stock worth $494,000 after acquiring an additional 9,687 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Wheaton Precious Metals by 11.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 74,121 shares of the company’s stock worth $1,297,000 after acquiring an additional 7,614 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its holdings in shares of Wheaton Precious Metals by 18.1% in the 3rd quarter. Sentry Investment Management LLC now owns 164,092 shares of the company’s stock worth $2,872,000 after acquiring an additional 25,136 shares during the last quarter. Institutional investors and hedge funds own 53.14% of the company’s stock.

Shares of NYSE:WPM traded up $0.34 during midday trading on Friday, reaching $21.36. The company’s stock had a trading volume of 2,365,371 shares, compared to its average volume of 1,796,954. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.04 and a current ratio of 8.04. Wheaton Precious Metals Corp has a fifty-two week low of $15.08 and a fifty-two week high of $22.86. The firm has a market cap of $9.49 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 7.96 and a beta of 0.08.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Wednesday, November 14th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Wheaton Precious Metals had a net margin of 33.64% and a return on equity of 5.14%. The firm had revenue of $185.77 million during the quarter, compared to analyst estimates of $191.11 million. During the same period in the prior year, the business posted $0.15 EPS. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, analysts anticipate that Wheaton Precious Metals Corp will post 0.48 EPS for the current fiscal year.

WPM has been the topic of several recent analyst reports. Credit Suisse Group lowered shares of Wheaton Precious Metals from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 19th. Scotiabank set a $35.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Friday, December 14th. Raymond James set a $28.00 price objective on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Friday, December 14th. TD Securities cut their price target on shares of Wheaton Precious Metals from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 15th. Finally, Royal Bank of Canada raised their target price on shares of Wheaton Precious Metals from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.17.

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Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 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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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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