Wetherby Asset Management Inc. Makes New $224,000 Investment in Wheaton Precious Metals Corp (NYSE:WPM)

Wetherby Asset Management Inc. purchased a new position in Wheaton Precious Metals Corp (NYSE:WPM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,527 shares of the company’s stock, valued at approximately $224,000.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. grew its holdings in shares of Wheaton Precious Metals by 123.9% during the second quarter. Invesco Ltd. now owns 5,137,109 shares of the company’s stock valued at $124,216,000 after buying an additional 2,842,321 shares during the last quarter. Dudley & Shanley Inc. acquired a new position in shares of Wheaton Precious Metals during the third quarter valued at about $41,206,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Wheaton Precious Metals by 50.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,211,766 shares of the company’s stock valued at $53,604,000 after buying an additional 737,925 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Wheaton Precious Metals by 43.0% during the third quarter. Great West Life Assurance Co. Can now owns 2,188,541 shares of the company’s stock valued at $57,543,000 after buying an additional 658,385 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Wheaton Precious Metals during the second quarter valued at about $12,090,000. Institutional investors and hedge funds own 53.87% of the company’s stock.

Shares of WPM traded down $0.17 during trading hours on Friday, reaching $26.28. 1,818,359 shares of the stock traded hands, compared to its average volume of 2,461,050. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $26.91 and a 200 day simple moving average of $25.13. Wheaton Precious Metals Corp has a 52 week low of $15.08 and a 52 week high of $30.90. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 54.75, a PEG ratio of 9.40 and a beta of -0.08.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Wheaton Precious Metals had a negative net margin of 3.33% and a positive return on equity of 3.35%. The company had revenue of $189.47 million for the quarter, compared to analyst estimates of $194.90 million. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue was down 10.8% on a year-over-year basis. Analysts predict that Wheaton Precious Metals Corp will post 0.57 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the stock. TheStreet cut shares of Wheaton Precious Metals from a “b” rating to a “c+” rating in a report on Friday, August 9th. Zacks Investment Research cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Saturday, October 19th. Bank of America raised their price target on shares of Wheaton Precious Metals from $33.50 to $35.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Canaccord Genuity reissued a “buy” rating on shares of Wheaton Precious Metals in a research report on Friday, August 23rd. Finally, GMP Securities lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.82.

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

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