Robinson Value Management Ltd. Reduces Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Robinson Value Management Ltd. trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,250 shares of the company’s stock after selling 1,458 shares during the period. Wheaton Precious Metals comprises approximately 1.6% of Robinson Value Management Ltd.’s holdings, making the stock its 27th biggest holding. Robinson Value Management Ltd.’s holdings in Wheaton Precious Metals were worth $2,376,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC boosted its position in Wheaton Precious Metals by 65.9% during the fourth quarter. Apollon Wealth Management LLC now owns 9,786 shares of the company’s stock worth $550,000 after acquiring an additional 3,887 shares during the last quarter. Triasima Portfolio Management inc. boosted its position in Wheaton Precious Metals by 1.2% during the fourth quarter. Triasima Portfolio Management inc. now owns 41,000 shares of the company’s stock worth $2,307,000 after acquiring an additional 500 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $62,000. Klein Pavlis & Peasley Financial Inc. boosted its position in Wheaton Precious Metals by 3.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 61,110 shares of the company’s stock worth $3,437,000 after acquiring an additional 2,197 shares during the last quarter. Finally, Choreo LLC boosted its holdings in shares of Wheaton Precious Metals by 4.8% in the 4th quarter. Choreo LLC now owns 10,814 shares of the company’s stock valued at $607,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WPM. UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target on the stock. TD Securities boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Raymond James lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Trading Down 1.0 %

NYSE WPM opened at $66.22 on Friday. The company has a fifty day simple moving average of $59.66 and a 200 day simple moving average of $60.80. The company has a market cap of $30.04 billion, a P/E ratio of 49.42, a P/E/G ratio of 1.70 and a beta of 0.77. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the prior year, the firm earned $0.27 EPS. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal 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.