Aviso Financial Inc. Sells 3,108 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Aviso Financial Inc. reduced its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,949 shares of the company’s stock after selling 3,108 shares during the period. Aviso Financial Inc.’s holdings in Wheaton Precious Metals were worth $5,005,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WPM. Versant Capital Management Inc bought a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $29,000. Promus Capital LLC bought a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $38,000. Laurel Wealth Advisors LLC bought a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $72.98 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $43.18 and a 1-year high of $73.77. The business has a fifty day moving average price of $64.10 and a 200-day moving average price of $62.53. The company has a market capitalization 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 (NYSE:WPM) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share 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 for the quarter, compared to the consensus estimate of $395.74 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. Wheaton Precious Metals’s revenue was up 21.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price target on the stock. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Buy” and an average price target of $71.67.

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.