Wheaton Precious Metals Corp. $WPM Stock: Keybank National Association OH Decreases Position

Keybank National Association OH decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.3% during the 3rd quarter, Holdings Channel reports. The firm owned 220,574 shares of the company’s stock after selling 12,381 shares during the quarter. Keybank National Association OH’s holdings in Wheaton Precious Metals were worth $29,495,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in shares of Wheaton Precious Metals by 245.5% in the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after buying an additional 162 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Wheaton Precious Metals by 73.5% in the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth about $34,000. Latitude Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth about $37,000. Finally, Root Financial Partners LLC acquired a new stake in Wheaton Precious Metals in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WPM. Weiss Ratings cut shares of Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Berenberg Bank restated a “buy” rating and set a $157.00 target price (down from $160.00) on shares of Wheaton Precious Metals in a research report on Thursday, September 17th. UBS Group lifted their target price on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Royal Bank Of Canada upped their price target on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $180.00 price target on shares of Wheaton Precious Metals in a research report on Friday, November 6th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $172.90.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $135.53 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.47 and a current ratio of 0.57. The business’s fifty day moving average price is $137.92 and its two-hundred day moving average price is $133.67. The stock has a market cap of $61.56 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 2.71 and a beta of 0.56. Wheaton Precious Metals Corp. has a one year low of $98.51 and a one year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Wheaton Precious Metals had a return on equity of 22.20% and a net margin of 60.39%. The company had revenue of $771.73 million during the quarter, compared to analyst estimates of $787.10 million. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be paid a dividend of $0.1950 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 16.96%.

Wheaton Precious Metals 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.