Oxbow Advisors LLC Sells 9,847 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Oxbow Advisors LLC decreased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 67.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,769 shares of the company’s stock after selling 9,847 shares during the quarter. Oxbow Advisors LLC’s holdings in Wheaton Precious Metals were worth $225,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WPM. First Eagle Investment Management LLC lifted its position in shares of Wheaton Precious Metals by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 21,110,441 shares of the company’s stock worth $1,041,589,000 after buying an additional 112,178 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Wheaton Precious Metals by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 20,521,065 shares of the company’s stock worth $1,012,517,000 after buying an additional 1,856,031 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Wheaton Precious Metals by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 16,497,557 shares of the company’s stock worth $813,989,000 after buying an additional 294,488 shares in the last quarter. FIL Ltd lifted its position in shares of Wheaton Precious Metals by 5.5% during the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock worth $525,235,000 after buying an additional 550,804 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $387,481,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock traded down $0.07 during mid-day trading on Friday, reaching $59.22. The company’s stock had a trading volume of 258,866 shares, compared to its average volume of 1,889,456. Wheaton Precious Metals Corp. has a 12-month low of $38.37 and a 12-month high of $59.75. The company has a market capitalization of $26.86 billion, a P/E ratio of 45.59, a PEG ratio of 1.94 and a beta of 0.76. The firm’s fifty day moving average price is $54.70 and its two-hundred day moving average price is $49.80.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The business had revenue of $296.80 million during the quarter, compared to analyst estimates of $278.95 million. During the same period in the previous year, the business earned $0.23 EPS. Wheaton Precious Metals’s revenue was up 38.7% compared to the same quarter last year. On average, research analysts predict that Wheaton Precious Metals Corp. will post 1.28 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 47.69%.

Analyst Upgrades and Downgrades

WPM has been the topic of several recent analyst reports. Berenberg Bank lifted their target price on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Scotiabank raised their price target on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. CIBC raised their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Wednesday. Jefferies Financial Group raised their price target on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets raised their price target on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.33.

About Wheaton Precious Metals

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.