Wheaton Precious Metals Corp. $WPM Shares Sold by Intellus Advisors LLC

Intellus Advisors LLC cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,092 shares of the company’s stock after selling 50,083 shares during the quarter. Wheaton Precious Metals accounts for 2.2% of Intellus Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Intellus Advisors LLC’s holdings in Wheaton Precious Metals were worth $16,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WPM. Assetmark Inc. raised its holdings in Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Wheaton Precious Metals in the third quarter worth $29,000. Navalign LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter worth $30,000. Eagle Bay Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter worth $32,000. Finally, Triumph Capital Management acquired a new position in shares of Wheaton Precious Metals in the third quarter worth $33,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPM has been the subject of a number of analyst reports. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, March 27th. TD Cowen boosted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price target for the company. Finally, Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.64.

Wheaton Precious Metals Stock Up 0.2%

Shares of NYSE:WPM opened at $127.39 on Friday. The company has a market cap of $57.85 billion, a P/E ratio of 32.17, a P/E/G ratio of 2.46 and a beta of 0.50. Wheaton Precious Metals Corp. has a 52 week low of $84.05 and a 52 week high of $165.76. The business has a fifty day simple moving average of $134.95 and a 200-day simple moving average of $129.50.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business’s revenue for the quarter was up 91.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 4.87 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s payout ratio is currently 19.70%.

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.