Wheaton Precious Metals Corp. $WPM Stock Holdings Decreased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 2.8% during the third quarter, Holdings Channel.com reports. The firm owned 309,244 shares of the company’s stock after selling 9,006 shares during the quarter. Wheaton Precious Metals makes up about 0.7% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 26th biggest position. Generali Asset Management SPA SGR’s holdings in Wheaton Precious Metals were worth $41,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in Wheaton Precious Metals by 0.5% in the second quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock valued at $1,619,480,000 after purchasing an additional 78,618 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at about $581,250,000. The Manufacturers Life Insurance Company lifted its position in shares of Wheaton Precious Metals by 3.3% during the first quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company’s stock valued at $376,387,000 after buying an additional 92,435 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $351,708,000. Finally, Amundi boosted its holdings in shares of Wheaton Precious Metals by 3.2% in the 1st quarter. Amundi now owns 2,531,060 shares of the company’s stock valued at $331,594,000 after buying an additional 77,903 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WPM shares. Royal Bank Of Canada lifted their price objective on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Jefferies Financial Group decreased their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Bank of America decreased their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Scotiabank lowered their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a report on Tuesday, July 28th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.11.

Get Our Latest Report on Wheaton Precious Metals

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $125.99 on Wednesday. The stock’s fifty day moving average price is $143.05 and its 200 day moving average price is $133.98. Wheaton Precious Metals Corp. has a 1-year low of $92.57 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $879.29 million. During the same quarter last year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 4.61 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.1950 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%.

About Wheaton Precious Metals

(Free Report)

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the gold, silver, palladium and cobalt produced by specific mining operations at predetermined prices.

Wheaton sells the streamed metals to customers and uses the proceeds to support its operations and investments. Its portfolio is linked to mining assets operated by third parties, with exposure to projects in the Americas and other regions.

See Also

Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp. (NYSE:WPM – Free Report).

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

Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.