Wheaton Precious Metals Corp. $WPM Stock: Triasima Portfolio Management inc. Lowers Holdings

Triasima Portfolio Management inc. reduced its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 71.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,092 shares of the company’s stock after selling 30,656 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Wheaton Precious Metals were worth $1,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ninety One UK Ltd acquired a new position in shares of Wheaton Precious Metals during the third quarter worth $49,000. Formuepleje A S purchased a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at $1,005,000. Mather Group LLC. boosted its position in shares of Wheaton Precious Metals by 36.4% in the 3rd quarter. Mather Group LLC. now owns 352 shares of the company’s stock worth $47,000 after purchasing an additional 94 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth $188,000. Finally, Generate Investment Management Ltd boosted its position in shares of Wheaton Precious Metals by 83.3% in the 3rd quarter. Generate Investment Management Ltd now owns 110,000 shares of the company’s stock worth $14,709,000 after purchasing an additional 50,000 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a research note on Tuesday, July 28th. Scotiabank decreased their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group lowered their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, UBS Group boosted their price target on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus target price of $172.11.

Wheaton Precious Metals Stock Up 2.8%

NYSE:WPM opened at $133.18 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals Corp. has a twelve month low of $92.57 and a twelve month high of $165.76. The company has a market cap of $60.49 billion, a PE ratio of 29.53, a P/E/G ratio of 2.36 and a beta of 0.54. The company’s 50 day moving average is $144.52 and its two-hundred day moving average is $131.61.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $879.29 million. During the same quarter last year, the company posted $0.63 earnings per share. The business’s quarterly revenue was up 84.7% on a year-over-year basis. Analysts anticipate that Wheaton Precious Metals Corp. will post 4.80 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio is presently 17.29%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.