Wheaton Precious Metals Corp. (NYSE:WPM) Stock Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 993,432 shares of the company’s stock after buying an additional 37,892 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.22% of Wheaton Precious Metals worth $55,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. Quintet Private Bank Europe S.A. acquired a new position in Wheaton Precious Metals during the 4th quarter valued at $39,000. GAMMA Investing LLC acquired a new position in Wheaton Precious Metals during the 4th quarter valued at $41,000. Finally, Kestra Investment Management LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $53,000. 70.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPM. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group started coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Up 2.5 %

NYSE WPM opened at $72.98 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $43.18 and a 12-month high of $73.77. The company has a market capitalization of $33.11 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The firm’s 50 day moving average is $64.10 and its 200-day moving average is $62.53.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals 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.