Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised 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 valued at $58,422,000 after purchasing an additional 36,970 shares during the last quarter. Swiss National Bank raised its position in shares of Wheaton Precious Metals by 0.8% in the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock valued at $83,854,000 after buying an additional 10,600 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Wheaton Precious Metals in the third quarter worth about $1,287,000. CWA Asset Management Group LLC boosted its position in 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 acquiring an additional 26,924 shares during the last quarter. Finally, King Luther Capital Management Corp grew its stake in Wheaton Precious Metals by 48.1% during the 3rd quarter. King Luther Capital Management Corp now owns 1,501,037 shares of the company’s stock valued at $91,683,000 after acquiring an additional 487,190 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WPM. 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 started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. Nine research 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, the company currently has a consensus rating of “Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at $71.33 on Thursday. The stock has a 50 day moving average of $63.80 and a 200 day moving average of $62.47. The firm has a market capitalization of $32.36 billion, a price-to-earnings ratio of 53.23, a PEG ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a fifty-two week low of $43.18 and a fifty-two week high of $72.00.

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.