Wheaton Precious Metals Corp. $WPM Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR cut its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 27.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 326,668 shares of the company’s stock after selling 124,351 shares during the period. Wheaton Precious Metals accounts for about 0.8% of Generali Asset Management SPA SGR’s holdings, making the stock its 22nd biggest position. Generali Asset Management SPA SGR owned 0.07% of Wheaton Precious Metals worth $39,372,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WPM. Bulwark Capital Corp purchased a new stake in shares of Wheaton Precious Metals in the second quarter valued at $27,000. Delta Asset Management LLC TN purchased a new position in Wheaton Precious Metals during the second quarter worth about $27,000. Pacifica Partners Inc. boosted its stake in Wheaton Precious Metals by 27.8% in the 3rd quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after buying an additional 100 shares during the last quarter. City State Bank boosted its stake in Wheaton Precious Metals by 40.0% in the 2nd quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after buying an additional 160 shares during the last quarter. Finally, Financial Consulate Inc. purchased a new stake in Wheaton Precious Metals in the 3rd quarter valued at about $73,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday. Berenberg Bank upped their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. UBS Group boosted their price objective on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, December 1st. Finally, Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.78.

Wheaton Precious Metals Stock Down 1.2%

WPM opened at $117.47 on Friday. Wheaton Precious Metals Corp. has a 52-week low of $55.51 and a 52-week high of $124.30. The company has a 50 day moving average of $107.79 and a two-hundred day moving average of $101.62. The company has a market cap of $53.33 billion, a P/E ratio of 53.40, a P/E/G ratio of 1.74 and a beta of 0.52.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The business had revenue of $476.26 million for the quarter, compared to analyst estimates of $495.53 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 54.5% on a year-over-year basis. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is presently 30.00%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.