Keybank National Association OH Sells 12,381 Shares of Wheaton Precious Metals Corp. $WPM

Keybank National Association OH trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,574 shares of the company’s stock after selling 12,381 shares during the period. Keybank National Association OH’s holdings in Wheaton Precious Metals were worth $29,495,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WPM. Cornerstone Wealth Management LLC purchased a new position in Wheaton Precious Metals during the third quarter worth about $204,000. Gen Wealth Partners Inc lifted its position in Wheaton Precious Metals by 27.4% in the third quarter. Gen Wealth Partners Inc now owns 465 shares of the company’s stock valued at $62,000 after purchasing an additional 100 shares during the period. Vestor Capital LLC purchased a new stake in Wheaton Precious Metals in the 3rd quarter valued at approximately $76,000. AlphaCore Capital LLC purchased a new stake in Wheaton Precious Metals in the 3rd quarter valued at approximately $574,000. Finally, Fulcrum Asset Management LLP purchased a new stake in Wheaton Precious Metals in the 3rd quarter valued at approximately $319,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WPM. Royal Bank Of Canada boosted their target price on Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Raymond James Financial reissued an “outperform” rating and issued a $180.00 price target on shares of Wheaton Precious Metals in a report on Friday, November 6th. Berenberg Bank restated a “buy” rating and issued a $157.00 price target (down from $160.00) on shares of Wheaton Precious Metals in a research note on Thursday, September 17th. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Finally, UBS Group upped their price objective on Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $172.90.

Wheaton Precious Metals Stock Down 0.8%

Shares of NYSE WPM opened at $135.53 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. Wheaton Precious Metals Corp. has a 52 week low of $98.51 and a 52 week high of $165.76. The firm has a 50-day moving average price of $137.92 and a 200 day moving average price of $133.67. The stock has a market capitalization of $61.56 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 2.71 and a beta of 0.56.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, November 5th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). Wheaton Precious Metals had a return on equity of 22.20% and a net margin of 60.39%. The company had revenue of $771.73 million for the quarter, compared to analyst estimates of $787.10 million. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 4.51 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.1950 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s payout ratio is 16.96%.

About Wheaton Precious Metals

Wheaton Precious Metals is a precious metals streaming company that provides mining companies with upfront financing in exchange for the right to purchase a portion of the metals produced by their mines. Its streams cover gold and silver, as well as smaller amounts of palladium and cobalt. Rather than operating mines itself, Wheaton works with mining companies around the world. Under its agreements, it typically makes an initial payment and additional payments for metals delivered, giving it exposure to mine production without directly managing mining operations.