Wheaton Precious Metals Corp. (NYSE:WPM) is Euro Pacific Asset Management LLC's 9th Largest Position

Euro Pacific Asset Management LLC cut its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,405 shares of the company's stock after selling 15,229 shares during the quarter. Wheaton Precious Metals accounts for approximately 3.4% of Euro Pacific Asset Management LLC's holdings, making the stock its 9th largest position. Euro Pacific Asset Management LLC owned approximately 0.07% of Wheaton Precious Metals worth $18,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Well Done LLC raised its stake in Wheaton Precious Metals by 173.9% during the 3rd quarter. Well Done LLC now owns 38,108 shares of the company's stock valued at $2,328,000 after buying an additional 24,196 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth $1,016,000. Vanguard Group Inc. increased its stake in shares of Wheaton Precious Metals by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company's stock worth $790,392,000 after purchasing an additional 272,918 shares in the last quarter. Natixis purchased a new stake in shares of Wheaton Precious Metals in the 1st quarter worth $529,000. Finally, Canoe Financial LP purchased a new stake in shares of Wheaton Precious Metals in the 3rd quarter worth $113,017,000. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WPM. Jefferies Financial Group upped their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Scotiabank upped their price objective on Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Stifel Canada lowered Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. National Bank Financial upgraded Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Finally, TD Securities increased their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of "Moderate Buy" and a consensus price target of $70.88.

Wheaton Precious Metals Stock Down 1.1 %

NYSE:WPM traded down $0.66 on Friday, reaching $58.67. 1,372,451 shares of the company's stock traded hands, compared to its average volume of 1,774,457. The stock has a 50-day simple moving average of $62.76 and a 200-day simple moving average of $58.79. The firm has a market cap of $26.62 billion, a PE ratio of 43.79, a P/E/G ratio of 2.15 and a beta of 0.77. 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 data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same quarter last year, the business posted $0.27 earnings per share. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed 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 1.06%. Wheaton Precious Metals's payout ratio is 46.27%.

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.