Triasima Portfolio Management inc. Acquires 500 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Triasima Portfolio Management inc. increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,000 shares of the company’s stock after buying an additional 500 shares during the period. Triasima Portfolio Management inc.’s holdings in Wheaton Precious Metals were worth $2,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $39,000. GAMMA Investing LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $41,000. St. Johns Investment Management Company LLC bought a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at about $48,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $54,000. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. TD Securities lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. 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. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Raymond James boosted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Stock Up 1.4 %

WPM opened at $66.87 on Friday. The firm has a 50 day moving average price of $59.58 and a 200-day moving average price of $60.75. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The stock has a market capitalization of $30.34 billion, a price-to-earnings ratio of 49.91, a PEG ratio of 1.61 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period in the prior year, the company earned $0.27 earnings per share. As a group, analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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.