Wheaton Precious Metals Corp. $WPM Stock Holdings Decreased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 256,017 shares of the company’s stock after selling 51,047 shares during the period. Pictet Asset Management Holding SA’s holdings in Wheaton Precious Metals were worth $34,271,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WPM. Stack Financial Management Inc bought a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $30,118,000. Cidel Asset Management Inc. grew its position in Wheaton Precious Metals by 7,896.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 137,538 shares of the company’s stock worth $15,466,000 after purchasing an additional 135,818 shares during the last quarter. Pecaut & CO. bought a new position in Wheaton Precious Metals in the 2nd quarter worth about $1,297,000. Euro Pacific Asset Management LLC grew its position in Wheaton Precious Metals by 3.0% in the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company’s stock worth $37,895,000 after purchasing an additional 8,455 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its position in Wheaton Precious Metals by 30.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 161,511 shares of the company’s stock worth $21,597,000 after purchasing an additional 37,509 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $136.83 on Wednesday. The firm has a market capitalization of $62.15 billion, a PE ratio of 29.75, a P/E/G ratio of 2.84 and a beta of 0.56. The company has a quick ratio of 0.47, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $138.10 and a 200 day moving average price of $133.72. Wheaton Precious Metals Corp. has a 52-week low of $98.51 and a 52-week high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data 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 net margin of 60.39% and a return on equity of 22.20%. The company had revenue of $771.73 million during the quarter, compared to the consensus estimate of $787.10 million. On average, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.54 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a dividend of $0.1950 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 16.96%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WPM shares. Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Berenberg Bank reissued a “buy” rating and issued a $157.00 price objective (down from $160.00) on shares of Wheaton Precious Metals in a report on Thursday, September 17th. Raymond James Financial restated an “outperform” rating and issued a $180.00 target price on shares of Wheaton Precious Metals in a research report on Friday. Scotiabank cut their target price on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, UBS Group boosted their price target on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $172.90.

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.