Montrusco Bolton Investments Inc. Reduces Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Montrusco Bolton Investments Inc. lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,217 shares of the company's stock after selling 22,091 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.06% of Wheaton Precious Metals worth $15,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Wheaton Precious Metals during the fourth quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. GAMMA Investing LLC bought a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $41,000. St. Johns Investment Management Company LLC bought a new position in Wheaton Precious Metals in the 3rd quarter valued at $48,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Wheaton Precious Metals during the 2nd quarter valued at $47,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stifel Canada cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. TD Securities boosted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, November 8th. UBS Group initiated coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a "buy" rating and a $78.00 target price for the company. National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group raised their price objective on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Stock Up 0.1 %

Shares of NYSE:WPM traded up $0.03 during trading on Wednesday, hitting $60.40. The stock had a trading volume of 1,137,893 shares, compared to its average volume of 1,389,957. The company has a market capitalization of $27.40 billion, a PE ratio of 45.08, a PEG ratio of 1.29 and a beta of 0.76. The firm's fifty day moving average is $59.39 and its 200 day moving average is $60.61. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $308.25 million during the quarter, compared to analyst estimates 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 last year, the business earned $0.27 EPS. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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