November 10, 2019 at 8:47 pm

Wheaton Precious Metals Corp (NYSE:WPM) Shares Bought by Gamco Investors INC. ET AL

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Gamco Investors INC. ET AL increased its holdings in Wheaton Precious Metals Corp (NYSE:WPM) by 91.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,394 shares of the company’s stock after purchasing an additional 36,439 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Wheaton Precious Metals were worth $2,005,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intact Investment Management Inc. raised its holdings in shares of Wheaton Precious Metals by 37.2% during the second quarter. Intact Investment Management Inc. now owns 817,100 shares of the company’s stock valued at $25,780,000 after acquiring an additional 221,600 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Wheaton Precious Metals by 7.6% during the second quarter. Russell Investments Group Ltd. now owns 1,456,041 shares of the company’s stock valued at $35,187,000 after acquiring an additional 103,362 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Wheaton Precious Metals during the second quarter valued at approximately $258,000. Alps Advisors Inc. raised its holdings in shares of Wheaton Precious Metals by 11.4% during the second quarter. Alps Advisors Inc. now owns 930,723 shares of the company’s stock valued at $22,505,000 after acquiring an additional 95,491 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Wheaton Precious Metals by 73.0% during the second quarter. Envestnet Asset Management Inc. now owns 50,996 shares of the company’s stock valued at $1,234,000 after acquiring an additional 21,526 shares during the last quarter. 53.87% of the stock is owned by institutional investors.

WPM has been the subject of a number of research analyst reports. Zacks Investment Research cut Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a report on Saturday, October 19th. Barclays cut Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Tuesday, October 15th. TheStreet lowered Wheaton Precious Metals from a “b” rating to a “c+” rating in a research report on Friday, August 9th. ValuEngine lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group upped their price target on Wheaton Precious Metals from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Wheaton Precious Metals currently has an average rating of “Buy” and a consensus price target of $31.82.

Shares of WPM stock traded down $0.17 during trading hours on Friday, reaching $26.28. The company had a trading volume of 1,818,359 shares, compared to its average volume of 2,461,050. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.65 and a current ratio of 3.65. The stock has a fifty day moving average of $26.91 and a 200-day moving average of $25.13. The company has a market capitalization 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 Corp has a 12-month low of $15.08 and a 12-month high of $30.90.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $189.47 million during the quarter, compared to analyst estimates of $194.90 million. Wheaton Precious Metals had a positive return on equity of 3.35% and a negative net margin of 3.33%. The business’s revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. On average, analysts forecast that Wheaton Precious Metals Corp will post 0.57 EPS 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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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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