IHT Wealth Management LLC lowered its position in Wheaton Precious Metals Corp (NYSE:WPM) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,449 shares of the company’s stock after selling 552 shares during the period. IHT Wealth Management LLC’s holdings in Wheaton Precious Metals were worth $327,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Wheaton Precious Metals by 39.2% in the 2nd quarter. Signaturefd LLC now owns 1,758 shares of the company’s stock worth $43,000 after purchasing an additional 495 shares in the last quarter. AdvisorNet Financial Inc raised its stake in Wheaton Precious Metals by 36.1% in the third quarter. AdvisorNet Financial Inc now owns 1,905 shares of the company’s stock valued at $50,000 after buying an additional 505 shares during the last quarter. Bank of Nova Scotia Trust Co. raised its stake in Wheaton Precious Metals by 4.7% in the second quarter. Bank of Nova Scotia Trust Co. now owns 13,543 shares of the company’s stock valued at $327,000 after buying an additional 605 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Wheaton Precious Metals by 5.1% in the third quarter. Koshinski Asset Management Inc. now owns 17,221 shares of the company’s stock valued at $452,000 after buying an additional 843 shares during the last quarter. Finally, CWM LLC boosted its holdings in Wheaton Precious Metals by 11.4% in the third quarter. CWM LLC now owns 8,257 shares of the company’s stock worth $217,000 after acquiring an additional 847 shares in the last quarter. 53.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE WPM opened at $27.94 on Tuesday. Wheaton Precious Metals Corp has a 52 week low of $15.73 and a 52 week high of $30.90. The business’s 50 day moving average price is $26.98 and its 200 day moving average price is $25.83. The company has a quick ratio of 4.67, a current ratio of 4.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $12.39 billion, a P/E ratio of 58.21, a P/E/G ratio of 9.73 and a beta of -0.12.
Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Wheaton Precious Metals had a net margin of 1.85% and a return on equity of 4.07%. The company had revenue of $223.60 million during the quarter, compared to analyst estimates of $235.93 million. During the same period last year, the firm posted $0.08 EPS. Wheaton Precious Metals’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts expect that Wheaton Precious Metals Corp will post 0.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, December 4th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.29%. Wheaton Precious Metals’s payout ratio is currently 75.00%.
WPM has been the topic of several recent analyst reports. TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a report on Friday, November 15th. Barclays cut shares of Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a research note on Tuesday, October 15th. Canaccord Genuity reissued a “buy” rating on shares of Wheaton Precious Metals in a research report on Friday, August 23rd. Credit Suisse Group upped their price target on shares of Wheaton Precious Metals from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a report on Tuesday, November 26th. They issued a “buy” rating and a $35.00 price target for the company. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.75.
About Wheaton Precious Metals
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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