Dakota Wealth Management Sells 416 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Dakota Wealth Management lessened its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,053 shares of the company’s stock after selling 416 shares during the period. Dakota Wealth Management’s holdings in Wheaton Precious Metals were worth $847,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter worth about $39,000. GAMMA Investing LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $41,000. Sunbelt Securities Inc. bought a new position in Wheaton Precious Metals in the 2nd quarter valued at about $47,000. Finally, St. Johns Investment Management Company LLC acquired a new position in Wheaton Precious Metals during the 3rd quarter valued at about $48,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.8 %

Shares of WPM stock opened at $60.00 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The company has a 50 day moving average of $59.46 and a 200-day moving average of $60.55. The firm has a market cap of $27.22 billion, a P/E ratio of 44.77, a PEG ratio of 1.29 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 8.85% and a net margin of 50.05%. During the same period last year, the business posted $0.27 earnings per share. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a dividend of $0.155 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.03%. Wheaton Precious Metals’s dividend payout ratio is presently 46.27%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WPM. TD Securities raised their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, UBS Group initiated coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective for the company. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.67.

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.