Wheaton Precious Metals Corp. (NYSE:WPM) Stock Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,956 shares of the company’s stock after selling 4,696 shares during the period. SG Americas Securities LLC’s holdings in Wheaton Precious Metals were worth $672,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Wheaton Precious Metals by 7.8% during the second quarter. Envestnet Asset Management Inc. now owns 56,849 shares of the company’s stock valued at $2,980,000 after purchasing an additional 4,098 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Wheaton Precious Metals by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 569,011 shares of the company’s stock valued at $29,829,000 after buying an additional 24,428 shares during the period. Thrivent Financial for Lutherans increased its stake in Wheaton Precious Metals by 9.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 31,532 shares of the company’s stock valued at $1,653,000 after buying an additional 2,600 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth about $658,000. Finally, Creative Planning lifted its stake in shares of Wheaton Precious Metals by 8.0% in the 2nd quarter. Creative Planning now owns 41,682 shares of the company’s stock worth $2,185,000 after acquiring an additional 3,084 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

WPM has been the topic of a number of research analyst reports. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group began coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. Jefferies Financial Group lifted their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Raymond James upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.67.

Check Out Our Latest Research Report on WPM

Wheaton Precious Metals Stock Up 4.5 %

NYSE:WPM opened at $63.15 on Friday. The stock has a fifty day simple moving average of $59.33 and a 200 day simple moving average of $60.62. The firm has a market capitalization of $28.65 billion, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. Wheaton Precious Metals Corp. has a 1-year low of $38.57 and a 1-year high of $68.64.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the company posted $0.27 earnings per share. Equities analysts predict that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.98%. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Wheaton Precious Metals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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