Wheaton Precious Metals Corp. $WPM is EagleClaw Capital Managment LLC’s 10th Largest Position

EagleClaw Capital Managment LLC lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 162,510 shares of the company’s stock after selling 2,557 shares during the quarter. Wheaton Precious Metals comprises about 2.2% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 10th largest position. EagleClaw Capital Managment LLC’s holdings in Wheaton Precious Metals were worth $14,593,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WPM. Bulwark Capital Corp acquired a new stake in shares of Wheaton Precious Metals during the second quarter worth about $27,000. Wealth Preservation Advisors LLC acquired a new position in Wheaton Precious Metals in the 1st quarter worth approximately $38,000. City State Bank raised its position in Wheaton Precious Metals by 40.0% during the 2nd quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after buying an additional 160 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Wheaton Precious Metals during the 1st quarter valued at approximately $49,000. Finally, Whittier Trust Co. lifted its stake in Wheaton Precious Metals by 77.4% during the 1st quarter. Whittier Trust Co. now owns 763 shares of the company’s stock valued at $59,000 after acquiring an additional 333 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 3.7%

WPM stock opened at $107.90 on Thursday. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.36. The firm has a market cap of $48.99 billion, a P/E ratio of 62.37, a PEG ratio of 1.67 and a beta of 0.38. The company’s 50-day simple moving average is $104.22 and its 200-day simple moving average is $95.09.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same quarter in the prior year, the firm posted $0.34 EPS. Wheaton Precious Metals’s quarterly revenue was up 54.5% compared to the same quarter last year. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 30.00%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WPM. CIBC increased their price objective on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Berenberg Bank upped their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a report on Wednesday, October 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.50.

About Wheaton Precious Metals

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.