Sanctuary Advisors LLC Reduces Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Sanctuary Advisors LLC lessened its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 36.2% during the third quarter, Holdings Channel reports. The institutional investor owned 8,420 shares of the company’s stock after selling 4,782 shares during the quarter. Sanctuary Advisors LLC’s holdings in Wheaton Precious Metals were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in Wheaton Precious Metals during the second quarter valued at about $31,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth $31,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Wheaton Precious Metals during the third quarter worth $48,000. Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals in the second quarter worth $47,000. Finally, Dunhill Financial LLC grew its position in shares of Wheaton Precious Metals by 200.9% in the third quarter. Dunhill Financial LLC now owns 1,050 shares of the company’s stock valued at $64,000 after purchasing an additional 701 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $57.37 on Thursday. The firm has a market capitalization of $26.03 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 1.67 and a beta of 0.75. Wheaton Precious Metals Corp. has a 52-week low of $38.57 and a 52-week high of $68.64. The firm has a fifty day moving average of $62.54 and a 200 day moving average of $59.97.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same period in the prior year, the company earned $0.27 EPS. On average, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed 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 1.08%. Wheaton Precious Metals’s payout ratio is 46.27%.

Analyst Upgrades and Downgrades

WPM has been the subject of several analyst reports. Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. TD Securities boosted their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

About Wheaton Precious Metals

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.