EagleClaw Capital Managment LLC Sells 8,795 Shares of Wheaton Precious Metals Corp. $WPM

EagleClaw Capital Managment LLC cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 138,689 shares of the company’s stock after selling 8,795 shares during the quarter. Wheaton Precious Metals comprises about 2.5% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 6th largest position. EagleClaw Capital Managment LLC’s holdings in Wheaton Precious Metals were worth $18,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Moors & Cabot Inc. lifted its stake in shares of Wheaton Precious Metals by 4.7% in the third quarter. Moors & Cabot Inc. now owns 9,617 shares of the company’s stock valued at $1,286,000 after purchasing an additional 430 shares during the period. Allworth Financial LP grew its position in Wheaton Precious Metals by 4.8% during the third quarter. Allworth Financial LP now owns 7,308 shares of the company’s stock worth $977,000 after buying an additional 336 shares during the period. Fisher Asset Management LLC acquired a new position in Wheaton Precious Metals during the third quarter worth about $601,000. Fifth Third Bancorp grew its position in Wheaton Precious Metals by 42.0% during the third quarter. Fifth Third Bancorp now owns 690 shares of the company’s stock worth $92,000 after buying an additional 204 shares during the period. Finally, Maryland State Retirement & Pension System grew its position in Wheaton Precious Metals by 0.8% during the third quarter. Maryland State Retirement & Pension System now owns 51,752 shares of the company’s stock worth $6,910,000 after buying an additional 424 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on WPM. Royal Bank Of Canada lifted their price target on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. UBS Group boosted their price target on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Berenberg Bank restated a “buy” rating and issued a $157.00 price target (down from $160.00) on shares of Wheaton Precious Metals in a report on Thursday, September 17th. Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research note 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $172.90.

Wheaton Precious Metals Trading Down 0.2%

Shares of WPM opened at $131.51 on Friday. 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 Corp. has a 1-year low of $98.51 and a 1-year high of $165.76. The stock has a market cap of $59.73 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 2.61 and a beta of 0.56. The firm has a 50 day simple moving average of $137.02 and a 200-day simple moving average of $133.50.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, November 5th. The company reported $0.90 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $787.10 million. Equities analysts forecast that Wheaton Precious Metals Corp. will post 4.51 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.1950 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 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.