Louisbourg Investments Inc. Sells 12,430 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Louisbourg Investments Inc. decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,994 shares of the company's stock after selling 12,430 shares during the quarter. Louisbourg Investments Inc.'s holdings in Wheaton Precious Metals were worth $5,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WPM. Norges Bank bought a new position in Wheaton Precious Metals during the fourth quarter worth about $472,648,000. Capital International Investors bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth $263,810,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $72,657,000. Mackenzie Financial Corp increased its position in shares of Wheaton Precious Metals by 54.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after buying an additional 1,135,699 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Wheaton Precious Metals by 1,321.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock valued at $68,720,000 after buying an additional 1,135,603 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Down 0.7%

Shares of NYSE WPM traded down $0.62 during midday trading on Tuesday, reaching $91.27. The company's stock had a trading volume of 1,250,704 shares, compared to its average volume of 1,693,260. The stock has a 50 day simple moving average of $84.25 and a 200-day simple moving average of $71.91. The stock has a market capitalization of $41.42 billion, a price-to-earnings ratio of 68.11, a PEG ratio of 1.91 and a beta of 0.46. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same period in the previous year, the business earned $0.36 EPS. The company's revenue was up 58.4% compared to the same quarter last year. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.72%. Wheaton Precious Metals's payout ratio is presently 48.53%.

Wall Street Analysts Forecast Growth

WPM has been the topic of several recent analyst reports. BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price on the stock. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Raymond James increased their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Finally, UBS Group lifted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $86.90.

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.