Triasima Portfolio Management inc. Grows Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Triasima Portfolio Management inc. boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,000 shares of the company’s stock after acquiring an additional 500 shares during the period. Triasima Portfolio Management inc.’s holdings in Wheaton Precious Metals were worth $2,307,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WPM. UBS Group assumed coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. TD Securities raised 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 note 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. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Raymond James boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Trading Up 1.4 %

Shares of WPM stock opened at $66.87 on Friday. The firm has a fifty day moving average price of $59.58 and a 200 day moving average price of $60.75. The company has a market cap of $30.34 billion, a P/E ratio of 49.91, a PEG ratio of 1.61 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last issued 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. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same quarter last year, the company posted $0.27 earnings per share. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

About Wheaton Precious Metals

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.