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London
July 19, 2024
PI Global Investments
Precious Metals

Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Deutsche Bank AG


Deutsche Bank AG boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 4.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,623,133 shares of the company’s stock after acquiring an additional 152,826 shares during the quarter. Deutsche Bank AG owned 0.80% of Wheaton Precious Metals worth $146,918,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Wheaton Precious Metals by 6.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock worth $301,893,000 after purchasing an additional 361,138 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Wheaton Precious Metals by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 481,497 shares of the company’s stock worth $22,909,000 after purchasing an additional 4,497 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Wheaton Precious Metals by 4.9% during the 1st quarter. US Bancorp DE now owns 11,778 shares of the company’s stock worth $561,000 after purchasing an additional 551 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Wheaton Precious Metals by 21.3% in the first quarter. PNC Financial Services Group Inc. now owns 20,122 shares of the company’s stock valued at $957,000 after purchasing an additional 3,535 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Wheaton Precious Metals by 245.5% in the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock valued at $120,401,000 after purchasing an additional 1,798,086 shares during the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Raymond James reduced their price objective on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. National Bank Financial downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Scotiabank decreased their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, CIBC raised their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Hold” and a consensus price target of $60.50.

View Our Latest Research Report on WPM

Wheaton Precious Metals Trading Down 0.7 %

Shares of Wheaton Precious Metals stock opened at $44.63 on Wednesday. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $52.76. The firm has a market capitalization of $20.22 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 9.37 and a beta of 0.76. The firm’s 50 day moving average is $45.18 and its 200 day moving average is $44.88.

About Wheaton Precious Metals

(Free Report)

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 10, 2017. Wheaton Precious Metals Corp.

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

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