Euro Pacific Asset Management LLC Has $16.01 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Euro Pacific Asset Management LLC cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,856 shares of the company’s stock after selling 22,549 shares during the quarter. Wheaton Precious Metals makes up about 3.5% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 8th largest position. Euro Pacific Asset Management LLC’s holdings in Wheaton Precious Metals were worth $16,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $29,000. Laurel Wealth Advisors LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $39,000. GAMMA Investing LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at $41,000. St. Johns Investment Management Company LLC acquired a new position in Wheaton Precious Metals during the third quarter worth $48,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals in the second quarter valued at $47,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $60.00 on Friday. The firm has a market cap of $27.22 billion, a PE ratio of 44.77, a P/E/G 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. The stock has a fifty day moving average price of $59.46 and a 200-day moving average price of $60.55.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter last year, the company posted $0.27 earnings per share. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.03%. Wheaton Precious Metals’s payout ratio is 46.27%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. TD Securities lifted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price target 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 raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.