Western Pacific Wealth Management LP Has $106,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Western Pacific Wealth Management LP boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 13.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,732 shares of the company’s stock after acquiring an additional 212 shares during the period. Western Pacific Wealth Management LP’s holdings in Wheaton Precious Metals were worth $106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WPM. AdvisorNet Financial Inc raised its holdings in shares of Wheaton Precious Metals by 6.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock worth $175,000 after purchasing an additional 190 shares during the period. Principal Financial Group Inc. lifted its holdings in Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after purchasing an additional 196 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Wheaton Precious Metals by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock worth $2,110,000 after purchasing an additional 197 shares during the period. Capital International Inc. CA increased its stake in shares of Wheaton Precious Metals by 2.5% in the first quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock worth $392,000 after purchasing an additional 204 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock valued at $1,318,000 after buying an additional 210 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

WPM has been the topic of several recent research reports. Raymond James increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Scotiabank increased their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, TD Securities dropped their price objective on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.25.

Wheaton Precious Metals Stock Up 2.6 %

Shares of WPM stock opened at $64.41 on Friday. The firm has a market cap of $29.22 billion, a P/E ratio of 51.12, a price-to-earnings-growth ratio of 2.37 and a beta of 0.77. The business has a 50-day moving average price of $62.73 and a two-hundred day moving average price of $58.48. 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 earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business had revenue of $299.06 million during the quarter, compared to analyst estimates of $309.54 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal 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.