Euro Pacific Asset Management LLC Sells 15,229 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Euro Pacific Asset Management LLC cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 306,405 shares of the company’s stock after selling 15,229 shares during the quarter. Wheaton Precious Metals makes up approximately 3.4% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 9th biggest position. Euro Pacific Asset Management LLC’s holdings in Wheaton Precious Metals were worth $18,699,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in Wheaton Precious Metals by 6.1% in the second quarter. AdvisorNet Financial Inc now owns 3,330 shares of the company’s stock valued at $175,000 after buying an additional 190 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Wheaton Precious Metals by 1.0% in 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 in the last quarter. Vontobel Holding Ltd. increased its stake in Wheaton Precious Metals by 0.6% in the third quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after purchasing an additional 197 shares during the last quarter. Capital International Inc. CA raised its holdings in Wheaton Precious Metals by 2.5% during 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 position 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 worth $1,318,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $58.68 on Friday. The company has a market cap of $26.62 billion, a PE ratio of 43.79, a P/E/G ratio of 2.15 and a beta of 0.77. The stock has a fifty day moving average price of $62.76 and a 200 day moving average price of $58.79. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter last year, the business earned $0.27 EPS. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be given a $0.155 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.06%. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WPM shares. Jefferies Financial Group lifted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Scotiabank upped their price target on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Finally, National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average price target of $70.88.

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.