Wheaton Precious Metals Corp. (NYSE:WPM) Stock Position Decreased by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,217 shares of the company’s stock after selling 1,800 shares during the quarter. Wheaton Precious Metals accounts for 1.6% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 19th largest holding. EagleClaw Capital Managment LLC’s holdings in Wheaton Precious Metals were worth $9,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth $31,000. Abich Financial Wealth Management LLC purchased a new position in Wheaton Precious Metals during the 2nd quarter valued at about $31,000. St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at about $48,000. Sunbelt Securities Inc. purchased a new stake in shares of Wheaton Precious Metals in the second quarter worth approximately $47,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of Wheaton Precious Metals during the third quarter worth approximately $67,000. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM traded up $0.08 during trading hours on Wednesday, hitting $62.67. 52,824 shares of the stock were exchanged, compared to its average volume of 1,766,745. The company’s 50 day moving average is $62.87 and its 200 day moving average is $59.00. The firm has a market capitalization of $28.43 billion, a P/E ratio of 46.72, a P/E/G ratio of 2.14 and a beta of 0.77. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $308.25 million during 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 earned $0.27 EPS. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Wall Street Analysts Forecast Growth

WPM has been the topic of several research reports. Raymond James upped their price objective 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. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities upped their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, Scotiabank upped their price objective 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

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.