Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,464 shares of the company’s stock after selling 12,596 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Wheaton Precious Metals were worth $3,457,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WPM. Prospera Financial Services Inc purchased a new position in Wheaton Precious Metals in the fourth quarter valued at $591,000. Summit Global Investments grew its holdings in shares of Wheaton Precious Metals by 198.6% during the fourth quarter. Summit Global Investments now owns 24,010 shares of the company’s stock worth $938,000 after purchasing an additional 15,969 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Wheaton Precious Metals by 15.4% during the fourth quarter. SG Americas Securities LLC now owns 27,671 shares of the company’s stock worth $1,081,000 after purchasing an additional 3,700 shares during the last quarter. Tradition Wealth Management LLC grew its holdings in shares of Wheaton Precious Metals by 61.8% during the fourth quarter. Tradition Wealth Management LLC now owns 4,450 shares of the company’s stock worth $174,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Wheaton Precious Metals by 3.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 17,829 shares of the company’s stock worth $697,000 after purchasing an additional 670 shares during the last quarter. 57.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on WPM. TD Securities raised their price objective on shares of Wheaton Precious Metals from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Barclays lifted their target price on shares of Wheaton Precious Metals from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 21st. The Goldman Sachs Group cut shares of Wheaton Precious Metals from a “buy” rating to a “neutral” rating in a research note on Thursday, April 20th. BMO Capital Markets lowered their price objective on shares of Wheaton Precious Metals from $52.00 to $51.00 and set an “outperform” rating for the company in a research note on Friday, March 10th. Finally, Raymond James boosted their price objective on shares of Wheaton Precious Metals from $51.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average price target of $56.33.

Wheaton Precious Metals Trading Up 0.5 %

Shares of Wheaton Precious Metals stock opened at $48.08 on Monday. The company has a fifty day moving average price of $48.81 and a 200 day moving average price of $43.62. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 8.20 and a beta of 0.58. Wheaton Precious Metals Corp. has a twelve month low of $28.62 and a twelve month high of $52.76.

Wheaton Precious Metals (NYSE:WPM – Get Rating) last released its quarterly earnings data on Friday, May 5th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $214.00 million for the quarter, compared to analyst estimates of $237.87 million. Wheaton Precious Metals had a net margin of 64.08% and a return on equity of 6.81%. Wheaton Precious Metals’s quarterly revenue was down 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Analysts forecast that Wheaton Precious Metals Corp. will post 1.17 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 19th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.25%. Wheaton Precious Metals’s dividend payout ratio is presently 43.48%.

About Wheaton Precious Metals

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Wheaton Precious Metals Corp. is a mining company engages in the sale of precious metals and cobalt production. It operates through the following business segments: Gold, Silver, Palladium, Cobalt, and Other. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.