Zurcher Kantonalbank Zurich Cantonalbank Acquires 23,645 Shares of Wheaton Precious Metals Corp (WPM)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Wheaton Precious Metals Corp (NYSE:WPM) by 15.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 175,113 shares of the company’s stock after acquiring an additional 23,645 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wheaton Precious Metals were worth $3,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Wheaton Precious Metals by 9.5% in the 4th quarter. Bank of Montreal Can now owns 7,329,637 shares of the company’s stock worth $162,205,000 after acquiring an additional 638,761 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Wheaton Precious Metals by 31.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,283,499 shares of the company’s stock worth $24,502,000 after acquiring an additional 307,951 shares during the last quarter. Hexavest Inc. lifted its holdings in shares of Wheaton Precious Metals by 63.9% in the 4th quarter. Hexavest Inc. now owns 310,483 shares of the company’s stock worth $6,886,000 after acquiring an additional 121,004 shares during the last quarter. Mad River Investors lifted its holdings in shares of Wheaton Precious Metals by 1.1% in the 4th quarter. Mad River Investors now owns 243,150 shares of the company’s stock worth $5,381,000 after acquiring an additional 2,650 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $1,816,000. Hedge funds and other institutional investors own 50.40% of the company’s stock.

Shares of Wheaton Precious Metals Corp (NYSE:WPM) opened at $19.85 on Friday. Wheaton Precious Metals Corp has a 1-year low of $18.32 and a 1-year high of $22.78. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.17. The company has a market cap of $8,840.00, a price-to-earnings ratio of 42.23, a P/E/G ratio of 6.13 and a beta of 0.30.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. Wheaton Precious Metals had a net margin of 24.02% and a return on equity of 5.54%. The company had revenue of $203.00 million during the quarter, compared to analyst estimates of $220.84 million. Wheaton Precious Metals’s quarterly revenue was down 13.0% compared to the same quarter last year. equities analysts anticipate that Wheaton Precious Metals Corp will post 0.61 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on WPM. Zacks Investment Research restated a “hold” rating on shares of Wheaton Precious Metals in a report on Saturday, January 6th. TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Tuesday, October 24th. Desjardins restated a “buy” rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. TD Securities set a $28.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Friday, November 24th. Finally, Royal Bank of Canada set a $26.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a report on Monday, January 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of $26.00.

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About Wheaton Precious Metals

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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