Wheaton Precious Metals Corp. $WPM Shares Sold by New Harbor Financial Group LLC

New Harbor Financial Group LLC decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 14.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,812 shares of the company’s stock after selling 667 shares during the quarter. New Harbor Financial Group LLC’s holdings in Wheaton Precious Metals were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in Wheaton Precious Metals by 5.5% in the 1st quarter. Cerity Partners LLC now owns 20,271 shares of the company’s stock valued at $1,574,000 after purchasing an additional 1,058 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Wheaton Precious Metals by 37.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,109 shares of the company’s stock valued at $630,000 after buying an additional 2,208 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Wheaton Precious Metals by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,392 shares of the company’s stock valued at $419,000 after buying an additional 297 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in Wheaton Precious Metals in the 1st quarter valued at about $531,000. Finally, Principal Financial Group Inc. grew its holdings in Wheaton Precious Metals by 34.6% in the 1st quarter. Principal Financial Group Inc. now owns 25,244 shares of the company’s stock valued at $1,959,000 after buying an additional 6,486 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WPM. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. CIBC restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. UBS Group set a $106.00 price target on Wheaton Precious Metals and gave the stock a “neutral” rating in a report on Monday, August 11th. Royal Bank Of Canada upped their price target on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $97.33.

Wheaton Precious Metals Trading Down 2.5%

WPM stock opened at $91.0530 on Wednesday. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $103.81. The stock’s 50 day simple moving average is $92.10 and its 200 day simple moving average is $82.43. The firm has a market cap of $41.33 billion, a P/E ratio of 52.63, a P/E/G ratio of 2.60 and a beta of 0.39.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 68.2% on a year-over-year basis. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.