Wheaton Precious Metals Corp. $WPM Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 10.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 143,810 shares of the company’s stock after selling 17,568 shares during the period. Wheaton Precious Metals comprises about 1.5% of U S Global Investors Inc.’s portfolio, making the stock its 21st largest holding. U S Global Investors Inc.’s holdings in Wheaton Precious Metals were worth $12,914,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of WPM. Vanguard Group Inc. raised its stake in Wheaton Precious Metals by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock valued at $1,396,556,000 after purchasing an additional 324,340 shares during the period. TD Asset Management Inc raised its stake in 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 valued at $582,876,000 after purchasing an additional 355,533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after purchasing an additional 470,651 shares during the period. JPMorgan Chase & Co. raised its stake in Wheaton Precious Metals by 5.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock valued at $237,552,000 after purchasing an additional 144,782 shares during the period. Finally, Amundi raised its stake in Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after purchasing an additional 683,674 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $105.44 on Friday. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 60.95, a PEG ratio of 2.76 and a beta of 0.41. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.00. The company’s fifty day moving average price is $102.44 and its two-hundred day moving average price is $91.34.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business’s quarterly revenue was up 68.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current 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. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WPM. Raymond James Financial boosted 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 note on Friday. CIBC boosted their target price 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. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. UBS Group boosted their target price on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Finally, Scotiabank boosted their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.50.

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.