Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Cwm LLC

Cwm LLC lessened its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,153 shares of the company’s stock after selling 337 shares during the period. Cwm LLC’s holdings in Wheaton Precious Metals were worth $106,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Parsons Capital Management Inc. RI boosted its holdings in shares of Wheaton Precious Metals by 0.4% in the 3rd quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock valued at $2,326,000 after purchasing an additional 250 shares during the last quarter. Transatlantique Private Wealth LLC lifted its holdings in shares of Wheaton Precious Metals by 3.6% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock valued at $317,000 after acquiring an additional 270 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its position in Wheaton Precious Metals by 2.1% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 14,691 shares of the company’s stock worth $596,000 after purchasing an additional 302 shares during the period. Signaturefd LLC boosted its position in Wheaton Precious Metals by 3.2% during the 3rd quarter. Signaturefd LLC now owns 11,562 shares of the company’s stock worth $469,000 after purchasing an additional 363 shares during the period. Finally, Metis Global Partners LLC boosted its position in Wheaton Precious Metals by 1.3% during the 3rd quarter. Metis Global Partners LLC now owns 40,433 shares of the company’s stock worth $1,641,000 after purchasing an additional 511 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James decreased their price target on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. National Bank Financial cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Scotiabank decreased their price target on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. BMO Capital Markets decreased their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Finally, CIBC upped their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.32.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at $53.76 on Tuesday. The firm has a market cap of $24.37 billion, a PE ratio of 45.18, a price-to-earnings-growth ratio of 7.13 and a beta of 0.75. The firm’s 50-day simple moving average is $48.13 and its 200-day simple moving average is $46.95. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $54.45.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.26 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, April 2nd. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio is 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.