Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 15.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,050 shares of the company’s stock after purchasing an additional 7,245 shares during the quarter. Metis Global Partners LLC’s holdings in Wheaton Precious Metals were worth $3,362,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Quent Capital LLC lifted its position in shares of Wheaton Precious Metals by 136.1% during the 1st quarter. Quent Capital LLC now owns 5,636 shares of the company’s stock valued at $266,000 after acquiring an additional 3,249 shares during the period. Forge First Asset Management Inc. purchased a new stake in Wheaton Precious Metals during the first quarter worth $4,817,000. Te Ahumairangi Investment Management Ltd boosted its position in Wheaton Precious Metals by 9.4% during the first quarter. Te Ahumairangi Investment Management Ltd now owns 82,676 shares of the company’s stock worth $3,898,000 after purchasing an additional 7,100 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Wheaton Precious Metals by 6.5% in the first quarter. Jupiter Asset Management Ltd. now owns 773,466 shares of the company’s stock valued at $36,453,000 after purchasing an additional 47,368 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Wheaton Precious Metals by 1.7% in the first quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock valued at $790,392,000 after buying an additional 272,918 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 0.5 %

Shares of Wheaton Precious Metals stock opened at $59.33 on Friday. The business’s fifty day moving average price is $62.75 and its 200 day moving average price is $58.76. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The stock has a market capitalization of $26.91 billion, a P/E ratio of 44.28, a PEG ratio of 2.15 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WPM. TD Securities increased their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Jefferies Financial Group raised their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Scotiabank upped their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Raymond James raised their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Company 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.