AdvisorNet Financial Inc Reduces Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

AdvisorNet Financial Inc lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPMGet Rating) by 43.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,850 shares of the company’s stock after selling 1,450 shares during the quarter. AdvisorNet Financial Inc’s holdings in Wheaton Precious Metals were worth $67,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WPM. Nordea Investment Management AB purchased a new position in shares of Wheaton Precious Metals in the 1st quarter valued at approximately $19,105,000. Marshall Wace LLP lifted its stake in shares of Wheaton Precious Metals by 12.3% in the 4th quarter. Marshall Wace LLP now owns 332,426 shares of the company’s stock valued at $14,271,000 after purchasing an additional 36,441 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Wheaton Precious Metals by 2.3% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 247,776 shares of the company’s stock valued at $11,936,000 after purchasing an additional 5,546 shares during the period. Moerus Capital Management LLC lifted its stake in shares of Wheaton Precious Metals by 40.0% in the 1st quarter. Moerus Capital Management LLC now owns 807,420 shares of the company’s stock valued at $38,417,000 after purchasing an additional 230,890 shares during the period. Finally, Distillate Capital Partners LLC lifted its stake in shares of Wheaton Precious Metals by 11.3% in the 1st quarter. Distillate Capital Partners LLC now owns 5,517 shares of the company’s stock valued at $262,000 after purchasing an additional 558 shares during the period. Hedge funds and other institutional investors own 56.62% of the company’s stock.

Wheaton Precious Metals Trading Down 0.8 %

Wheaton Precious Metals stock opened at $31.42 on Friday. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 4.92 and a beta of 0.55. The stock has a fifty day simple moving average of $32.66 and a two-hundred day simple moving average of $39.71. Wheaton Precious Metals Corp. has a 12 month low of $29.66 and a 12 month high of $51.90.

Wheaton Precious Metals (NYSE:WPMGet Rating) last posted its earnings results on Thursday, August 11th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $302.92 million during the quarter, compared to analyst estimates of $301.00 million. Wheaton Precious Metals had a return on equity of 9.22% and a net margin of 63.36%. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.29 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Friday, August 26th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Wednesday, September 7th. Wheaton Precious Metals’s payout ratio is 36.81%.

Analyst Ratings Changes

A number of research analysts have recently commented on WPM shares. Canaccord Genuity Group lowered their target price on Wheaton Precious Metals from C$68.00 to C$67.00 in a research note on Friday, August 19th. KeyCorp lowered their target price on Wheaton Precious Metals from $56.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Stifel Nicolaus lowered their price objective on Wheaton Precious Metals from C$71.00 to C$66.50 in a research note on Wednesday, July 20th. Barclays lowered their price objective on Wheaton Precious Metals from $49.00 to $41.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. Finally, Raymond James lowered their price objective on Wheaton Precious Metals from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.17.

Wheaton Precious Metals Company Profile

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Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has a portfolio of interests in the 23 operating mines and 13 development projects. The company was formerly known as Silver Wheaton Corp.

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

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