Mn Services Vermogensbeheer B.V. Lowers Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,030 shares of the company’s stock after selling 14,600 shares during the quarter. Mn Services Vermogensbeheer B.V. owned approximately 0.06% of Wheaton Precious Metals worth $8,140,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Aire Advisors LLC raised its position in shares of Wheaton Precious Metals by 11.5% in the 3rd quarter. Aire Advisors LLC now owns 11,153 shares of the company’s stock worth $361,000 after acquiring an additional 1,153 shares in the last quarter. Comerica Bank boosted its holdings in shares of Wheaton Precious Metals by 25.5% in the 3rd quarter. Comerica Bank now owns 8,986 shares of the company’s stock valued at $294,000 after buying an additional 1,824 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Wheaton Precious Metals by 1.5% in the 3rd quarter. Van ECK Associates Corp now owns 19,080,354 shares of the company’s stock worth $617,438,000 after buying an additional 273,480 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Wheaton Precious Metals by 710.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 859 shares of the company’s stock worth $28,000 after acquiring an additional 753 shares in the last quarter. Finally, First Personal Financial Services purchased a new stake in Wheaton Precious Metals during the third quarter valued at approximately $35,000. Institutional investors own 57.01% of the company’s stock.

Wheaton Precious Metals Trading Up 1.1 %

WPM opened at $44.53 on Monday. Wheaton Precious Metals Corp. has a 12-month low of $28.62 and a 12-month high of $51.90. The firm has a 50 day moving average of $39.34 and a two-hundred day moving average of $35.12. The firm has a market capitalization of $20.13 billion, a PE ratio of 25.30, a P/E/G ratio of 7.67 and a beta of 0.50.

Wheaton Precious Metals (NYSE:WPM – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $218.84 million during the quarter, compared to analyst estimates of $237.90 million. Wheaton Precious Metals had a return on equity of 8.35% and a net margin of 71.79%. As a group, analysts predict that Wheaton Precious Metals Corp. will post 1.13 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Monday, November 21st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.35%. Wheaton Precious Metals’s payout ratio is currently 34.09%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WPM. National Bank Financial upped their price target on Wheaton Precious Metals from C$60.00 to C$70.00 in a research report on Friday. Stifel Nicolaus decreased their price target on Wheaton Precious Metals from C$66.50 to C$64.00 in a research note on Wednesday, October 19th. StockNews.com initiated coverage on Wheaton Precious Metals in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Tuesday, November 22nd. Finally, Barclays lowered their target price on shares of Wheaton Precious Metals from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.86.

Wheaton Precious Metals Company Profile

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Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.