Rock Point Advisors LLC Sells 4,160 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Rock Point Advisors LLC cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,980 shares of the company's stock after selling 4,160 shares during the quarter. Rock Point Advisors LLC's holdings in Wheaton Precious Metals were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Leavell Investment Management Inc. lifted its position in Wheaton Precious Metals by 2.6% in the first quarter. Leavell Investment Management Inc. now owns 61,045 shares of the company's stock worth $4,739,000 after buying an additional 1,529 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new stake in Wheaton Precious Metals in the first quarter worth $221,000. DekaBank Deutsche Girozentrale lifted its position in Wheaton Precious Metals by 1.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,650,133 shares of the company's stock worth $127,274,000 after buying an additional 21,890 shares during the last quarter. Callan Capital LLC bought a new stake in Wheaton Precious Metals in the first quarter worth $320,000. Finally, Penserra Capital Management LLC increased its stake in Wheaton Precious Metals by 1,812.8% in the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock worth $57,000 after purchasing an additional 707 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on WPM shares. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group increased their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Scotiabank increased their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, Raymond James Financial 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. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Buy" and a consensus price target of $93.00.

Wheaton Precious Metals Trading Up 1.3%

Shares of Wheaton Precious Metals stock traded up $1.14 during trading on Friday, hitting $91.03. 1,780,108 shares of the stock traded hands, compared to its average volume of 1,720,857. The firm has a market cap of $41.32 billion, a P/E ratio of 66.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. Wheaton Precious Metals Corp. has a 52-week low of $53.05 and a 52-week high of $95.23. The stock's fifty day simple moving average is $87.39 and its 200 day simple moving average is $75.87.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The firm had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business's revenue for the quarter was up 58.4% on a year-over-year basis. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is currently 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.