Knoll Capital Management LLC Sells 47,500 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Knoll Capital Management LLC reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 79.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,500 shares of the company's stock after selling 47,500 shares during the quarter. Knoll Capital Management LLC's holdings in Wheaton Precious Metals were worth $764,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Ridgewood Investments LLC bought a new stake in Wheaton Precious Metals during the second quarter worth $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $31,000. Sunbelt Securities Inc. purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth about $47,000. St. Johns Investment Management Company LLC purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter worth about $48,000. Finally, Massmutual Trust Co. FSB ADV grew its position in Wheaton Precious Metals by 25.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company's stock valued at $65,000 after buying an additional 253 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on WPM. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Raymond James raised their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. TD Securities upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, November 8th. 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 investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $71.67.

Wheaton Precious Metals Stock Up 1.0 %

WPM traded up $0.59 during trading on Friday, reaching $62.33. 356,729 shares of the company were exchanged, compared to its average volume of 1,785,437. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The company's 50-day moving average is $62.99 and its two-hundred day moving average is $59.38. The company has a market cap of $28.28 billion, a price-to-earnings ratio of 46.51, a P/E/G ratio of 1.73 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the prior year, the firm posted $0.27 earnings per share. Equities analysts forecast that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.99%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 46.27%.

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.