PFG Investments LLC Decreases Holdings in Wheaton Precious Metals Corp. $WPM

PFG Investments LLC trimmed its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,390 shares of the company’s stock after selling 125 shares during the period. PFG Investments LLC’s holdings in Wheaton Precious Metals were worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC lifted its holdings in shares of Wheaton Precious Metals by 5.5% in the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company’s stock valued at $1,574,000 after purchasing an additional 1,058 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 37.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company’s stock valued at $630,000 after purchasing an additional 2,208 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Wheaton Precious Metals by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company’s stock valued at $419,000 after purchasing an additional 297 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Wheaton Precious Metals by 18.0% in the 1st quarter. Voya Investment Management LLC now owns 747,477 shares of the company’s stock valued at $58,026,000 after purchasing an additional 113,835 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at about $538,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.3%

Shares of WPM stock opened at $111.49 on Thursday. The stock has a market capitalization of $50.61 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.01. The stock’s 50-day moving average price is $100.32 and its 200 day moving average price is $89.79.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $503.22 million for the quarter, compared to analysts’ expectations of $424.23 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 68.2% on a year-over-year basis. Analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.165 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is presently 38.15%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Royal Bank Of Canada boosted their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. CIBC boosted their target price on Wheaton Precious Metals from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. National Bankshares restated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Finally, Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.11.

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.