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

EagleClaw Capital Managment LLC lessened its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,217 shares of the company’s stock after selling 1,800 shares during the period. Wheaton Precious Metals comprises 1.6% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 19th largest position. EagleClaw Capital Managment LLC’s holdings in Wheaton Precious Metals were worth $9,542,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Well Done LLC raised its position in shares of Wheaton Precious Metals by 173.9% during the 3rd quarter. Well Done LLC now owns 38,108 shares of the company’s stock worth $2,328,000 after purchasing an additional 24,196 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter worth approximately $1,016,000. Vanguard Group Inc. raised its position in shares of Wheaton Precious Metals by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock worth $790,392,000 after purchasing an additional 272,918 shares during the period. Natixis acquired a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $529,000. Finally, CIBC Asset Management Inc raised its position in shares of Wheaton Precious Metals by 10.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock worth $140,099,000 after purchasing an additional 218,575 shares during the period. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WPM shares. UBS Group started coverage on Wheaton Precious Metals in a research report on Monday. They set a “buy” rating and a $78.00 price target on the stock. Scotiabank raised their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Raymond James raised their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Stock Performance

Shares of WPM stock traded up $0.08 during mid-day trading on Wednesday, hitting $62.67. 52,824 shares of the stock traded hands, compared to its average volume of 1,766,745. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $68.64. The firm has a market cap of $28.43 billion, a price-to-earnings ratio of 46.72, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77. The company’s 50-day simple moving average is $62.87 and its 200-day simple moving average is $59.00.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the firm earned $0.27 EPS. Analysts forecast that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be given 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 of this dividend is Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Wheaton Precious Metals 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.