Aperio Group LLC Reduces Holdings in Wheaton Precious Metals Corp (WPM)

Aperio Group LLC reduced its position in Wheaton Precious Metals Corp (NYSE:WPM) by 25.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 233,452 shares of the company’s stock after selling 79,892 shares during the quarter. Aperio Group LLC’s holdings in Wheaton Precious Metals were worth $4,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hexavest Inc. lifted its stake in Wheaton Precious Metals by 18.1% during the third quarter. Hexavest Inc. now owns 376,679 shares of the company’s stock worth $6,586,000 after purchasing an additional 57,635 shares during the last quarter. Northern Trust Corp lifted its stake in Wheaton Precious Metals by 10.3% during the second quarter. Northern Trust Corp now owns 402,492 shares of the company’s stock worth $8,879,000 after purchasing an additional 37,441 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Wheaton Precious Metals by 43.7% during the second quarter. Advisors Asset Management Inc. now owns 60,510 shares of the company’s stock worth $1,335,000 after purchasing an additional 18,393 shares during the last quarter. MAI Capital Management purchased a new stake in Wheaton Precious Metals during the second quarter worth approximately $214,000. Finally, Bank of Nova Scotia lifted its stake in Wheaton Precious Metals by 7.6% during the second quarter. Bank of Nova Scotia now owns 1,427,512 shares of the company’s stock worth $31,377,000 after purchasing an additional 101,429 shares during the last quarter. 52.08% of the stock is owned by institutional investors.

Shares of NYSE WPM opened at $17.15 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.76 and a quick ratio of 4.76. Wheaton Precious Metals Corp has a twelve month low of $15.18 and a twelve month high of $22.86. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 6.63 and a beta of 0.38.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Tuesday, August 14th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Wheaton Precious Metals had a return on equity of 5.80% and a net margin of 36.76%. The company had revenue of $212.40 million during the quarter, compared to analysts’ expectations of $203.92 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp will post 0.52 earnings per share for the current year.

A number of brokerages have weighed in on WPM. Zacks Investment Research cut Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. ValuEngine cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Royal Bank of Canada set a $26.00 price objective on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Monday, July 23rd. Deutsche Bank set a $25.00 price objective on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Finally, Raymond James boosted their price objective on Wheaton Precious Metals from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $26.60.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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