Jones Financial Companies Lllp Purchases 1,464 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Jones Financial Companies Lllp increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 68.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,615 shares of the company’s stock after purchasing an additional 1,464 shares during the period. Jones Financial Companies Lllp’s holdings in Wheaton Precious Metals were worth $203,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Van ECK Associates Corp grew its holdings in Wheaton Precious Metals by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after buying an additional 1,231,999 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Wheaton Precious Metals by 1,865.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock worth $76,061,000 after purchasing an additional 1,182,156 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Wheaton Precious Metals by 22.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after buying an additional 634,843 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Wheaton Precious Metals by 21.3% during the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after buying an additional 513,890 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of analyst reports. UBS Group initiated coverage on 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. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Up 2.5 %

WPM opened at $72.98 on Friday. The business has a 50 day moving average of $64.10 and a 200-day moving average of $62.53. The stock has a market cap of $33.11 billion, a PE ratio of 54.46, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $43.18 and a 52 week high of $73.77.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

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.