Euro Pacific Asset Management LLC Has $16.01 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Euro Pacific Asset Management LLC lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,856 shares of the company’s stock after selling 22,549 shares during the quarter. Wheaton Precious Metals makes up approximately 3.5% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Euro Pacific Asset Management LLC owned approximately 0.06% of Wheaton Precious Metals worth $16,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WPM. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $39,000. GAMMA Investing LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $41,000. Sunbelt Securities Inc. bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $47,000. Finally, St. Johns Investment Management Company LLC bought a new position in Wheaton Precious Metals in the third quarter valued at about $48,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $60.00 on Friday. The stock has a market capitalization of $27.22 billion, a PE ratio of 44.77, a PEG ratio of 1.29 and a beta of 0.76. The business’s 50 day simple moving average is $59.46 and its 200 day simple moving average is $60.55. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same period in the prior year, the firm posted $0.27 EPS. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WPM shares. Jefferies Financial Group lifted their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. UBS Group started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective on the stock. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Raymond James lifted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

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.