Zurcher Kantonalbank Zurich Cantonalbank Sells 22,210 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,909 shares of the company's stock after selling 22,210 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Wheaton Precious Metals were worth $11,078,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Wheaton Precious Metals by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company's stock worth $58,422,000 after acquiring an additional 36,970 shares in the last quarter. Swiss National Bank increased its holdings in shares of Wheaton Precious Metals by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,370,800 shares of the company's stock valued at $83,854,000 after purchasing an additional 10,600 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wheaton Precious Metals in the third quarter worth approximately $1,287,000. CWA Asset Management Group LLC boosted its holdings in shares of Wheaton Precious Metals by 19.7% during the fourth quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock worth $9,196,000 after purchasing an additional 26,924 shares during the period. Finally, King Luther Capital Management Corp grew its position in Wheaton Precious Metals by 48.1% during the third quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company's stock valued at $91,683,000 after purchasing an additional 487,190 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a "buy" rating and a $78.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $71.67.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $1.05 during trading hours on Friday, hitting $73.77. 1,655,541 shares of the company were exchanged, compared to its average volume of 1,579,783. The firm's 50 day moving average is $64.40 and its 200-day moving average is $62.60. Wheaton Precious Metals Corp. has a 52 week low of $43.18 and a 52 week high of $74.90. The company has a market cap of $33.47 billion, a PE ratio of 55.12, a PEG ratio of 1.91 and a beta of 0.77.

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.