Assenagon Asset Management S.A. Sells 487 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Assenagon Asset Management S.A. decreased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,520 shares of the company’s stock after selling 487 shares during the period. Assenagon Asset Management S.A.’s holdings in Wheaton Precious Metals were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC lifted its stake 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 purchasing an additional 3,692,594 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of 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 valued at $211,207,000 after buying an additional 634,843 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after buying an additional 513,890 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Wheaton Precious Metals by 10.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock worth $140,099,000 after acquiring an additional 218,575 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Wheaton Precious Metals by 5.9% during the third quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company’s stock valued at $121,939,000 after acquiring an additional 111,769 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 1.8 %

WPM opened at $60.00 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The firm has a 50 day moving average of $59.46 and a two-hundred day moving average of $60.55. The firm has a market capitalization 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 (NYSE:WPM) last issued its 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 firm had revenue of $308.25 million during the quarter, compared to analysts’ expectations 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, analysts predict that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Analysts Set New Price Targets

WPM has been the topic of several analyst reports. TD Securities lifted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. 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 target for the company. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

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.