Triasima Portfolio Management inc. Sells 11,705 Shares of Wheaton Precious Metals Corp. $WPM

Triasima Portfolio Management inc. lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 40.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,900 shares of the company’s stock after selling 11,705 shares during the period. Triasima Portfolio Management inc.’s holdings in Wheaton Precious Metals were worth $1,989,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Concurrent Investment Advisors LLC grew its holdings in Wheaton Precious Metals by 1.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock valued at $494,000 after purchasing an additional 78 shares during the period. Focus Financial Network Inc. grew its holdings in Wheaton Precious Metals by 2.5% during the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock valued at $388,000 after purchasing an additional 81 shares during the period. Jamison Private Wealth Management Inc. grew its holdings in Wheaton Precious Metals by 1.7% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock valued at $632,000 after purchasing an additional 92 shares during the period. Capital Investment Advisors LLC grew its holdings in Wheaton Precious Metals by 3.9% during the fourth quarter. Capital Investment Advisors LLC now owns 2,460 shares of the company’s stock valued at $289,000 after purchasing an additional 93 shares during the period. Finally, Atlas Wealth Partners LLC grew its holdings in Wheaton Precious Metals by 0.5% during the fourth quarter. Atlas Wealth Partners LLC now owns 22,096 shares of the company’s stock valued at $2,597,000 after purchasing an additional 100 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.2%

NYSE WPM opened at $125.61 on Monday. The firm has a market cap of $57.04 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.43 and a beta of 0.50. The business has a 50-day moving average price of $140.42 and a 200-day moving average price of $126.44. Wheaton Precious Metals Corp. has a twelve month low of $75.42 and a twelve month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.31. The firm had revenue of $864.71 million during the quarter, compared to analyst estimates of $719.59 million. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The business’s quarterly revenue was up 127.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. Research analysts expect that Wheaton Precious Metals Corp. will post 4.88 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a $0.195 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 24.07%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Securities boosted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Scotiabank boosted their price target on Wheaton Precious Metals from $175.00 to $178.00 and gave the company a “sector outperform” rating in a report on Monday, March 16th. Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, February 4th. Finally, UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Friday, March 27th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.45.

More Wheaton Precious Metals News

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: Wheaton added a 1.5% net-smelter-return (NSR) royalty on gold and silver from the Spanish Mountain project, expanding its royalty portfolio and growth pipeline; the piece also notes WPM is a Goldman Sachs top gold pick. Wheaton Precious Metals Corp. (WPM) Bolsters Gold Portfolio with Spanish Mountain Royalty Deal
• Positive Sentiment: Analysts expect Q1 earnings growth and WPM is flagged as having the right setup for a likely earnings beat next week, which supports upside from fundamentals and could lift sentiment if results meet or exceed forecasts. Wheaton Precious Metals Corp. (WPM) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Gold-sector peers are heading into earnings with mixed drivers — higher gold prices and new mine output are supportive, but cost inflation is a recurring theme; those sector dynamics could influence WPM’s post-earnings reaction. B2Gold Set to Report Q1 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Peer outlooks such as IAMGOLD’s strong forecast (helped by project ramp-ups) suggest industry-level upside from robust gold prices, which could benefit royalty companies like Wheaton if realized. IAMGOLD to Report Q1 Earnings: What’s in Store for the Stock?
• Negative Sentiment: Despite the positive news, shares are trading lower today and sit below the 50-day moving average, with volume under its recent average — technical pressure and short-term profit-taking may be weighing on the stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.