Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lessened its position in shares of Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,841 shares of the company’s stock after selling 656 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Wheaton Precious Metals were worth $427,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in Wheaton Precious Metals by 245.5% during the 1st quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock valued at $120,401,000 after acquiring an additional 1,798,086 shares during the period. Bowen Hanes & Co. Inc. raised its stake in shares of Wheaton Precious Metals by 2,044.8% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 869,620 shares of the company’s stock valued at $41,377,000 after buying an additional 829,075 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Wheaton Precious Metals by 41.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,787,718 shares of the company’s stock valued at $132,641,000 after buying an additional 821,061 shares during the period. Capital World Investors boosted its stake in shares of Wheaton Precious Metals by 4.0% in the first quarter. Capital World Investors now owns 20,592,926 shares of the company’s stock worth $979,811,000 after buying an additional 783,194 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of Wheaton Precious Metals by 4,658.0% during the 1st quarter. Aaron Wealth Advisors LLC now owns 792,492 shares of the company’s stock valued at $16,656,000 after purchasing an additional 775,836 shares in the last quarter. 56.62% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $0.39 during midday trading on Thursday, hitting $38.59. The company had a trading volume of 1,591,072 shares, compared to its average volume of 2,549,700. Wheaton Precious Metals Corp. has a 1 year low of $28.62 and a 1 year high of $51.90. The company’s 50-day simple moving average is $33.41 and its 200-day simple moving average is $35.25. The firm has a market capitalization of $17.44 billion, a P/E ratio of 21.93, a P/E/G ratio of 6.49 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPMGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $218.84 million during the quarter, compared to analysts’ expectations of $237.90 million. Wheaton Precious Metals had a net margin of 71.79% and a return on equity of 8.35%. Equities analysts predict that Wheaton Precious Metals Corp. will post 1.18 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, November 18th. This represents a $0.60 annualized dividend and a yield of 1.55%. Wheaton Precious Metals’s dividend payout ratio is presently 34.09%.

Analyst Ratings Changes

WPM has been the subject of a number of research analyst reports. Raymond James reduced their price objective on shares of Wheaton Precious Metals from $54.00 to $52.00 and set an “outperform” rating for the company in a research report on Monday, August 15th. StockNews.com initiated coverage on Wheaton Precious Metals in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. TD Securities reduced their price objective on Wheaton Precious Metals from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. National Bank Financial lowered their target price on shares of Wheaton Precious Metals from C$68.00 to C$60.00 in a research note on Thursday, October 13th. Finally, Barclays reduced their target price on shares of Wheaton Precious Metals from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.43.

Wheaton Precious Metals Profile

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Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

Further Reading

Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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