Wheaton Precious Metals Corp. $WPM Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 29.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,857 shares of the company’s stock after selling 20,490 shares during the period. Gamco Investors INC. ET AL’s holdings in Wheaton Precious Metals were worth $5,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of WPM. Nisa Investment Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the third quarter worth approximately $26,000. Assetmark Inc. boosted its stake in shares of Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 130 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Wheaton Precious Metals in the third quarter worth approximately $29,000. Navalign LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth approximately $30,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on WPM shares. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank increased their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. TD Securities increased their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price for the company. Finally, TD Cowen increased their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

Wheaton Precious Metals Stock Down 4.2%

NYSE:WPM opened at $123.99 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $79.93 and a 52 week high of $165.76. The company has a market capitalization of $56.30 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.50 and a beta of 0.50. The stock’s fifty day moving average is $135.84 and its two-hundred day moving average is $129.07.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 91.7% compared to the same quarter last year. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.87 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 19.70%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.