Louisbourg Investments Inc. Trims Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Louisbourg Investments Inc. trimmed its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 15.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $38,000. Quintet Private Bank Europe S.A. bought a new stake in Wheaton Precious Metals in the fourth quarter worth about $39,000. Headlands Technologies LLC lifted its stake in Wheaton Precious Metals by 494.9% in the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after purchasing an additional 579 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $41,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WPM. 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 note on Monday, May 12th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. UBS Group upped their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Royal Bank Of Canada lifted their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $86.90.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM traded down $1.78 during trading hours on Friday, hitting $89.29. The company's stock had a trading volume of 2,394,643 shares, compared to its average volume of 1,862,448. The firm's fifty day moving average price is $85.19 and its 200 day moving average price is $72.38. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $95.23. The company has a market capitalization of $40.52 billion, a price-to-earnings ratio of 65.66, a P/E/G ratio of 2.84 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. Wheaton Precious Metals's revenue was up 58.4% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 48.53%.

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.