Metis Global Partners LLC Grows Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Metis Global Partners LLC grew its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 15.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,050 shares of the company’s stock after purchasing an additional 7,245 shares during the period. Metis Global Partners LLC’s holdings in Wheaton Precious Metals were worth $3,362,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WPM. Ridgewood Investments LLC purchased a new stake in Wheaton Precious Metals during the 2nd quarter worth $31,000. Abich Financial Wealth Management LLC acquired a new position in shares of Wheaton Precious Metals in the second quarter worth about $31,000. St. Johns Investment Management Company LLC purchased a new position in Wheaton Precious Metals in the third quarter valued at about $48,000. Sunbelt Securities Inc. acquired a new stake in Wheaton Precious Metals during the 2nd quarter valued at approximately $47,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Wheaton Precious Metals by 25.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock worth $65,000 after purchasing an additional 253 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 0.5 %

Shares of NYSE:WPM opened at $59.33 on Friday. The company has a 50 day moving average of $62.75 and a 200-day moving average of $58.76. The firm has a market cap of $26.91 billion, a P/E ratio of 44.28, a P/E/G ratio of 2.15 and a beta of 0.77. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to analyst estimates 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 posted $0.27 EPS. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.05%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WPM. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Raymond James upped their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Jefferies Financial Group lifted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, TD Securities upped 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.