Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,330,536 shares of the company’s stock after selling 532,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.96% of Wheaton Precious Metals worth $213,669,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. West Family Investments Inc. lifted its holdings in shares of Wheaton Precious Metals by 0.6% in the 2nd quarter. West Family Investments Inc. now owns 43,777 shares of the company’s stock worth $1,892,000 after purchasing an additional 249 shares during the last quarter. Parsons Capital Management Inc. RI lifted its holdings in shares of Wheaton Precious Metals by 0.4% in the 3rd quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock worth $2,326,000 after purchasing an additional 250 shares during the last quarter. Transatlantique Private Wealth LLC lifted its holdings in shares of Wheaton Precious Metals by 3.6% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock worth $317,000 after purchasing an additional 270 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Wheaton Precious Metals by 54.7% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Finally, Prospera Financial Services Inc increased its position in Wheaton Precious Metals by 2.0% in the 1st quarter. Prospera Financial Services Inc now owns 15,419 shares of the company’s stock valued at $743,000 after acquiring an additional 299 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the topic of several analyst reports. CIBC raised their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. National Bank Financial cut Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. BMO Capital Markets lowered their price target on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Raymond James lowered their price target on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. Finally, TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and lifted their price target for the company from $51.00 to $53.00 in a research report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average target price of $59.63.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded up $0.54 during trading on Friday, reaching $50.57. The company’s stock had a trading volume of 1,885,103 shares, compared to its average volume of 1,969,309. The business’s fifty day moving average price is $44.89 and its 200-day moving average price is $45.30. The firm has a market cap of $22.91 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 13.13 and a beta of 0.77. Wheaton Precious Metals Corp. has a one year low of $38.37 and a one year high of $52.76.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. The business had revenue of $313.47 million for the quarter, compared to analyst estimates of $284.29 million. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.21 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.23%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, April 2nd. Wheaton Precious Metals’s payout ratio is currently 52.10%.

Wheaton Precious Metals Company 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.