Rathbones Group PLC Sells 2,035 Shares of Wheaton Precious Metals Corp. $WPM

Rathbones Group PLC decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,962 shares of the company’s stock after selling 2,035 shares during the period. Rathbones Group PLC’s holdings in Wheaton Precious Metals were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Wheaton Precious Metals by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock worth $1,396,556,000 after purchasing an additional 324,340 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after buying an additional 355,533 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Wheaton Precious Metals by 10.3% during the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock worth $460,736,000 after buying an additional 478,236 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Wheaton Precious Metals by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after buying an additional 470,651 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Wheaton Precious Metals by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock valued at $237,552,000 after acquiring an additional 144,782 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on WPM. Bank of America increased their target price on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. CIBC increased their price objective on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Raymond James Financial raised their target price on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.50.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $102.32 on Tuesday. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.36. The company has a market cap of $46.45 billion, a PE ratio of 59.14, a P/E/G ratio of 1.67 and a beta of 0.38. The firm’s 50 day simple moving average is $104.06 and its 200 day simple moving average is $94.84.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million during the quarter, compared to the consensus estimate of $495.53 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 30.00%.

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.