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

Candriam S.C.A. trimmed its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 55.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. J. Derek Lewis & Associates Inc. raised its position in Wheaton Precious Metals by 65.7% during the third quarter. J. Derek Lewis & Associates Inc. now owns 3,065 shares of the company’s stock valued at $410,000 after purchasing an additional 1,215 shares in the last quarter. Ethic Inc. raised its holdings in shares of Wheaton Precious Metals by 59.8% during the 3rd quarter. Ethic Inc. now owns 107,322 shares of the company’s stock valued at $14,351,000 after buying an additional 40,170 shares in the last quarter. Guild Investment Management Inc. purchased a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at about $210,000. CenterBook Partners LP lifted its position in Wheaton Precious Metals by 20.2% in the 3rd quarter. CenterBook Partners LP now owns 6,733 shares of the company’s stock worth $900,000 after buying an additional 1,133 shares during the last quarter. Finally, Calamos Wealth Management LLC lifted its position in Wheaton Precious Metals by 5.2% in the 3rd quarter. Calamos Wealth Management LLC now owns 1,886 shares of the company’s stock worth $252,000 after buying an additional 93 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Wheaton Precious Metals Trading Down 0.8%

Shares of WPM stock opened at $135.53 on Thursday. The stock 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. Wheaton Precious Metals Corp. has a 1-year low of $98.51 and a 1-year high of $165.76. The business has a 50-day moving average of $137.92 and a 200 day moving average of $133.67. 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 (NYSE:WPM) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $787.10 million. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.51 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.1950 per share. 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 currently 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.