Cwm LLC Has $243,000 Stock Position in Wheaton Precious Metals Corp. $WPM

Cwm LLC decreased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,711 shares of the company’s stock after selling 126 shares during the period. Cwm LLC’s holdings in Wheaton Precious Metals were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPM. Canada Pension Plan Investment Board boosted its stake in shares of Wheaton Precious Metals by 57.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company’s stock valued at $162,811,000 after purchasing an additional 766,947 shares during the last quarter. Amundi boosted its stake in shares of Wheaton Precious Metals by 33.2% in the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after purchasing an additional 683,674 shares during the last quarter. Nuveen LLC bought a new position in shares of Wheaton Precious Metals in the 1st quarter valued at about $36,885,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Wheaton Precious Metals by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after purchasing an additional 470,651 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Wheaton Precious Metals by 17.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,465,542 shares of the company’s stock valued at $191,357,000 after purchasing an additional 363,375 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 3.8%

Shares of WPM opened at $94.37 on Tuesday. The company has a market cap of $42.84 billion, a price-to-earnings ratio of 54.55, a PEG ratio of 1.75 and a beta of 0.41. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.36. The company’s fifty day simple moving average is $103.86 and its 200 day simple moving average is $93.76.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals’s payout ratio is 38.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WPM shares. UBS Group lifted their price objective on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. CIBC lifted their price objective on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Berenberg Bank lifted their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

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.