Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 39.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,172 shares of the company’s stock after selling 3,328 shares during the quarter. Perigon Wealth Management LLC’s holdings in Wheaton Precious Metals were worth $255,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPM. CVA Family Office LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter worth $26,000. Atlas Capital Advisors LLC purchased a new position in shares of Wheaton Precious Metals during the 4th quarter worth $29,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wheaton Precious Metals during the 4th quarter worth $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Wheaton Precious Metals by 54.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after acquiring an additional 280 shares during the period. Finally, Mechanics Financial Corp raised its holdings in shares of Wheaton Precious Metals by 200.0% during the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock worth $36,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WPM shares. Berenberg Bank lifted their price target on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. CIBC lifted their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Raymond James reduced their price target on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. Scotiabank reduced their price target on Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. Finally, TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $53.00 in a report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.63.

Wheaton Precious Metals Trading Up 2.7 %

Shares of WPM opened at $52.67 on Thursday. The firm has a market cap of $23.87 billion, a P/E ratio of 44.26, a price-to-earnings-growth ratio of 7.04 and a beta of 0.77. The company’s 50-day moving average price is $45.58 and its 200 day moving average price is $45.82. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $54.30.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.24 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were given a $0.155 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is currently 52.10%.

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.