Wheaton Precious Metals Corp. $WPM Holdings Lowered by Lbp Am Sa

Lbp Am Sa reduced its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,122 shares of the company’s stock after selling 608 shares during the quarter. Lbp Am Sa’s holdings in Wheaton Precious Metals were worth $1,627,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC raised its holdings in shares of Wheaton Precious Metals by 5.5% in the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company’s stock worth $1,574,000 after purchasing an additional 1,058 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Wheaton Precious Metals by 37.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company’s stock worth $630,000 after purchasing an additional 2,208 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Wheaton Precious Metals by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company’s stock worth $419,000 after purchasing an additional 297 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Wheaton Precious Metals by 18.0% in the 1st quarter. Voya Investment Management LLC now owns 747,477 shares of the company’s stock worth $58,026,000 after purchasing an additional 113,835 shares in the last quarter. Finally, Guardian Partners Inc. bought a new stake in shares of Wheaton Precious Metals in the 1st quarter worth approximately $538,000. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on WPM. UBS Group boosted their target price on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 12th. Berenberg Bank lifted their target price 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. Finally, CIBC lifted their target price on shares of Wheaton Precious Metals from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.11.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $109.71 on Friday. The firm’s 50 day simple moving average is $100.63 and its 200-day simple moving average is $90.02. The company has a market cap of $49.80 billion, a P/E ratio of 63.41, a price-to-earnings-growth ratio of 2.99 and a beta of 0.41. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.00.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue was up 68.2% on a year-over-year basis. On average, analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is presently 38.15%.

Wheaton Precious Metals Profile

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.