Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,730 shares of the company’s stock after selling 4,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Wheaton Precious Metals were worth $10,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. PDS Planning Inc increased its holdings in shares of Wheaton Precious Metals by 12.7% in the third quarter. PDS Planning Inc now owns 4,429 shares of the company’s stock valued at $271,000 after purchasing an additional 500 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Wheaton Precious Metals by 3.5% in the third quarter. Janney Montgomery Scott LLC now owns 37,639 shares of the company’s stock valued at $2,299,000 after purchasing an additional 1,273 shares during the period. Pure Financial Advisors LLC increased its holdings in shares of Wheaton Precious Metals by 6.0% in the third quarter. Pure Financial Advisors LLC now owns 5,616 shares of the company’s stock valued at $343,000 after purchasing an additional 316 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Wheaton Precious Metals by 31.0% in the third quarter. Farther Finance Advisors LLC now owns 1,825 shares of the company’s stock valued at $111,000 after purchasing an additional 432 shares during the period. Finally, Capital Advisors Inc. OK acquired a new position in shares of Wheaton Precious Metals in the third quarter valued at about $374,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $65.59 on Wednesday. The business has a 50 day simple moving average of $62.64 and a two-hundred day simple moving average of $58.41. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The stock has a market capitalization of $29.75 billion, a P/E ratio of 52.06, a PEG ratio of 2.37 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The firm had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research reports. Raymond James increased their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. CIBC upped their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Scotiabank upped their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.25.

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.