Wheaton Precious Metals Corp. $WPM Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lowered its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 92.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 393 shares of the company’s stock after selling 4,962 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Wheaton Precious Metals were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in WPM. Vanguard Group Inc. grew its stake in shares of Wheaton Precious Metals by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company’s stock worth $1,668,582,000 after purchasing an additional 557,793 shares during the last quarter. Norges Bank acquired a new stake in shares of Wheaton Precious Metals in the second quarter worth about $656,463,000. Bank of Montreal Can boosted its holdings in shares of Wheaton Precious Metals by 10.3% during the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock worth $460,736,000 after buying an additional 478,236 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Wheaton Precious Metals by 0.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,107,833 shares of the company’s stock valued at $458,683,000 after purchasing an additional 35,047 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Wheaton Precious Metals by 12.8% in the second quarter. Bank of America Corp DE now owns 4,481,459 shares of the company’s stock valued at $402,435,000 after acquiring an additional 507,577 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

WPM has been the subject of several recent research reports. UBS Group upped their price target on Wheaton Precious Metals from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, December 1st. Bank of America upped their target price on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Thursday, October 23rd. CIBC increased their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and an average price target of $130.78.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $115.52 on Friday. The stock has a market capitalization of $52.45 billion, a PE ratio of 52.51, a P/E/G ratio of 1.71 and a beta of 0.54. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $120.55. The business has a fifty day moving average price of $104.70 and a two-hundred day moving average price of $99.55.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $476.26 million for the quarter, compared to analyst estimates of $495.53 million. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.Wheaton Precious Metals’s revenue was up 54.5% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is 30.00%.

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.