Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 37.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,224 shares of the company’s stock after selling 12,689 shares during the period. BNP Paribas Financial Markets’ holdings in Wheaton Precious Metals were worth $1,296,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp grew its stake in shares of Wheaton Precious Metals by 1.0% during the second quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock worth $1,047,621,000 after purchasing an additional 197,426 shares in the last quarter. FMR LLC boosted its position in shares of Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after acquiring an additional 3,692,594 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Wheaton Precious Metals by 22.5% in the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after acquiring an additional 1,092,480 shares during the last quarter. Cibc World Market Inc. raised its position in shares of Wheaton Precious Metals by 3.1% during the 2nd quarter. Cibc World Market Inc. now owns 3,574,648 shares of the company’s stock worth $187,490,000 after acquiring an additional 108,976 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after purchasing an additional 634,843 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WPM. 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. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. TD Securities raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Scotiabank boosted their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $62.17 on Tuesday. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The company has a fifty day moving average price of $62.91 and a two-hundred day moving average price of $59.66. The company has a market cap of $28.20 billion, a PE ratio of 46.40, a P/E/G ratio of 1.72 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $308.25 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.27 EPS. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 46.27%.

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.