Wheaton Precious Metals Corp. (NYSE:WPM) is Euro Pacific Asset Management LLC's 8th Largest Position

Euro Pacific Asset Management LLC lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,856 shares of the company's stock after selling 22,549 shares during the period. Wheaton Precious Metals makes up approximately 3.5% of Euro Pacific Asset Management LLC's portfolio, making the stock its 8th biggest holding. Euro Pacific Asset Management LLC owned 0.06% of Wheaton Precious Metals worth $16,006,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WPM. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals during the fourth quarter worth about $39,000. GAMMA Investing LLC bought a new stake in Wheaton Precious Metals in the fourth quarter worth about $41,000. St. Johns Investment Management Company LLC purchased a new position in Wheaton Precious Metals in the third quarter valued at about $48,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at approximately $47,000. 70.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WPM has been the topic of several research analyst reports. TD Securities upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Stifel Canada cut shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective for the company. Raymond James boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Stock Up 1.8 %

Shares of WPM stock traded up $1.05 on Friday, reaching $60.00. The company's stock had a trading volume of 1,719,327 shares, compared to its average volume of 1,072,568. The company has a market capitalization of $27.22 billion, a P/E ratio of 44.77, a PEG ratio of 1.29 and a beta of 0.76. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The stock's 50 day simple moving average is $59.46 and its 200-day simple moving average is $60.55.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $308.25 million for the quarter, compared to analysts' expectations of $324.57 million. During the same quarter last year, the firm posted $0.27 EPS. Research analysts expect that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.03%. Wheaton Precious Metals's dividend payout ratio is presently 46.27%.

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.