Eqis Capital Management Inc. Sells 2,046 Shares of Wheaton Precious Metals Corp (NYSE:WPM)

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Eqis Capital Management Inc. decreased its holdings in Wheaton Precious Metals Corp (NYSE:WPM) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,095 shares of the company’s stock after selling 2,046 shares during the quarter. Eqis Capital Management Inc.’s holdings in Wheaton Precious Metals were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC increased its stake in shares of Wheaton Precious Metals by 39.2% in the 2nd quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock valued at $43,000 after buying an additional 495 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Wheaton Precious Metals by 36.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,905 shares of the company’s stock valued at $50,000 after buying an additional 505 shares during the period. Bank of Nova Scotia Trust Co. increased its stake in shares of Wheaton Precious Metals by 4.7% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 13,543 shares of the company’s stock valued at $327,000 after buying an additional 605 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Wheaton Precious Metals by 5.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 17,221 shares of the company’s stock valued at $452,000 after buying an additional 843 shares during the period. Finally, CWM LLC increased its stake in shares of Wheaton Precious Metals by 11.4% in the 3rd quarter. CWM LLC now owns 8,257 shares of the company’s stock valued at $217,000 after buying an additional 847 shares during the period. Hedge funds and other institutional investors own 54.02% of the company’s stock.

Shares of Wheaton Precious Metals stock opened at $26.94 on Friday. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.22. Wheaton Precious Metals Corp has a 12 month low of $15.25 and a 12 month high of $30.90. The business has a fifty day simple moving average of $26.79 and a 200 day simple moving average of $25.27. The stock has a market cap of $11.89 billion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 9.29 and a beta of -0.08.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Wheaton Precious Metals had a positive return on equity of 3.35% and a negative net margin of 3.33%. The business had revenue of $223.60 million during the quarter, compared to analysts’ expectations of $235.93 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts expect that Wheaton Precious Metals Corp will post 0.57 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Barclays cut Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a research note on Tuesday, October 15th. Credit Suisse Group lifted their target price on Wheaton Precious Metals from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Raymond James reissued an “outperform” rating and issued a $29.00 target price on shares of Wheaton Precious Metals in a research note on Monday, August 12th. TheStreet cut Wheaton Precious Metals from a “b” rating to a “c+” rating in a research note on Friday, August 9th. Finally, GMP Securities cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.82.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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