Sanctuary Advisors LLC Sells 4,782 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Sanctuary Advisors LLC decreased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 36.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,420 shares of the company’s stock after selling 4,782 shares during the quarter. Sanctuary Advisors LLC’s holdings in Wheaton Precious Metals were worth $537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its position in Wheaton Precious Metals by 1.0% during the second quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock worth $1,047,621,000 after acquiring an additional 197,426 shares during the period. FMR LLC increased its holdings in shares of Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after purchasing an additional 3,692,594 shares during the period. TD Asset Management Inc raised its position in shares of Wheaton Precious Metals by 22.5% during the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after buying an additional 1,092,480 shares during the last quarter. Cibc World Market Inc. lifted its stake in shares of Wheaton Precious Metals by 3.1% in the second quarter. Cibc World Market Inc. now owns 3,574,648 shares of the company’s stock valued at $187,490,000 after buying an additional 108,976 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after buying an additional 634,843 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the subject of several analyst reports. UBS Group began coverage on 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. TD Securities upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James lifted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. 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, Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Stock Up 0.1 %

NYSE WPM opened at $57.37 on Thursday. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The business’s fifty day moving average is $62.54 and its 200 day moving average is $59.97. The company has a market cap of $26.03 billion, a price-to-earnings ratio of 42.81, a price-to-earnings-growth ratio of 1.67 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same period last year, the company earned $0.27 earnings per share. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed 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. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio 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.