Wheaton Precious Metals Corp. $WPM Shares Sold by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 162,510 shares of the company’s stock after selling 2,557 shares during the period. Wheaton Precious Metals comprises about 2.2% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 10th largest holding. EagleClaw Capital Managment LLC’s holdings in Wheaton Precious Metals were worth $14,593,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Wheaton Precious Metals by 2.9% in the first quarter. Pacer Advisors Inc. now owns 4,144 shares of the company’s stock worth $322,000 after acquiring an additional 117 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Wheaton Precious Metals by 2.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company’s stock valued at $523,000 after purchasing an additional 140 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Wheaton Precious Metals by 3.2% in the 2nd quarter. HB Wealth Management LLC now owns 5,068 shares of the company’s stock valued at $455,000 after purchasing an additional 156 shares in the last quarter. City State Bank boosted its stake in Wheaton Precious Metals by 40.0% during the 2nd quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after purchasing an additional 160 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. grew its holdings in shares of Wheaton Precious Metals by 0.9% during the second quarter. ASR Vermogensbeheer N.V. now owns 22,821 shares of the company’s stock worth $2,048,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the topic of several research reports. Raymond James Financial raised their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. CIBC raised their target price on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. UBS Group upped their price target on Wheaton Precious Metals from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wheaton Precious Metals in a report on Wednesday, October 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $107.90 on Thursday. The firm has a 50 day simple moving average of $104.22 and a 200-day simple moving average of $95.09. The stock has a market cap of $48.99 billion, a price-to-earnings ratio of 62.37, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. Equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is currently 30.00%.

Wheaton Precious Metals 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.