MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,602,135 shares of the company’s stock after selling 274,684 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Wheaton Precious Metals were worth $258,824,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WPM. Barclays PLC lifted its position in shares of Wheaton Precious Metals by 9.9% in the 3rd quarter. Barclays PLC now owns 315,914 shares of the company’s stock worth $19,297,000 after purchasing an additional 28,485 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $41,000. Trust Co. of Toledo NA OH lifted its position in shares of Wheaton Precious Metals by 20.2% in the 4th quarter. Trust Co. of Toledo NA OH now owns 27,425 shares of the company’s stock worth $1,542,000 after purchasing an additional 4,600 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $773,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $85.76 on Monday. The firm has a market cap of $38.92 billion, a P/E ratio of 64.00, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $87.42. The firm has a 50-day simple moving average of $77.91 and a two-hundred day simple moving average of $67.74.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same period in the previous year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 58.4% on a year-over-year basis. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. Wheaton Precious Metals’s dividend payout ratio is presently 56.90%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. CIBC lifted their price target on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an “outperformer” rating in a research report on Friday. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an “outperform” rating and a $129.00 price target for the company. Royal Bank of Canada lifted their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, April 4th. UBS Group lifted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Finally, National Bankshares reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $85.90.

Wheaton Precious Metals Company Profile

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.