Wheaton Precious Metals Corp. $WPM Stock Sold by Candriam S.C.A.

Candriam S.C.A. lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 55.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,521 shares of the company’s stock after selling 8,270 shares during the period. Candriam S.C.A.’s holdings in Wheaton Precious Metals were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WPM. Stack Financial Management Inc purchased a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth about $30,118,000. Cidel Asset Management Inc. boosted its stake in shares of Wheaton Precious Metals by 7,896.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 137,538 shares of the company’s stock valued at $15,466,000 after purchasing an additional 135,818 shares in the last quarter. Pecaut & CO. bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $1,297,000. Euro Pacific Asset Management LLC boosted its stake in shares of Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company’s stock valued at $37,895,000 after purchasing an additional 8,455 shares in the last quarter. Finally, Generate Investment Management Ltd boosted its stake in shares of Wheaton Precious Metals by 83.3% during the 3rd quarter. Generate Investment Management Ltd now owns 110,000 shares of the company’s stock valued at $14,709,000 after purchasing an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

WPM has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. UBS Group raised their price objective on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Wheaton Precious Metals in a research report on Friday, November 6th. Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Finally, Berenberg Bank reissued a “buy” rating and issued a $157.00 target price (down from $160.00) on shares of Wheaton Precious Metals in a research report on Thursday, September 17th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $172.90.

Wheaton Precious Metals Stock Down 0.8%

NYSE:WPM opened at $135.53 on Thursday. The firm’s 50-day moving average price is $137.92 and its 200-day moving average price is $133.67. The company has a market capitalization of $61.56 billion, a PE ratio of 29.46, a P/E/G ratio of 2.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.47. Wheaton Precious Metals Corp. has a 1-year low of $98.51 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). Wheaton Precious Metals had a return on equity of 22.20% and a net margin of 60.39%. The business had revenue of $771.73 million during the quarter, compared to the consensus estimate of $787.10 million. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 4.51 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, November 19th. Wheaton Precious Metals’s dividend payout ratio is 16.96%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt. Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.