Westerkirk Capital Inc. Sells 14,500 Shares of Wheaton Precious Metals Corp. $WPM

Westerkirk Capital Inc. cut its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 65.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,650 shares of the company’s stock after selling 14,500 shares during the quarter. Westerkirk Capital Inc.’s holdings in Wheaton Precious Metals were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. raised its position in shares of Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after buying an additional 130 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after buying an additional 117 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $28,000. Navalign LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $30,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $32,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WPM shares. TD Securities raised their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. TD Cowen lifted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price on the stock. Finally, UBS Group upgraded shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Friday, March 27th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $155.64.

Wheaton Precious Metals Stock Down 1.2%

Shares of Wheaton Precious Metals stock opened at $114.88 on Tuesday. The firm has a market cap of $52.17 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.51. Wheaton Precious Metals Corp. has a 12-month low of $85.59 and a 12-month high of $165.76. The company’s fifty day simple moving average is $134.16 and its two-hundred day simple moving average is $131.64.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company’s revenue was up 91.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 19.70%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.