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

Rock Point Advisors LLC decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 51.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WPM. Continuum Advisory LLC raised its position in shares of Wheaton Precious Metals by 9.0% in the first quarter. Continuum Advisory LLC now owns 1,823 shares of the company's stock valued at $142,000 after buying an additional 151 shares in the last quarter. PFG Investments LLC grew its position in shares of Wheaton Precious Metals by 0.8% in the 1st quarter. PFG Investments LLC now owns 22,515 shares of the company's stock valued at $1,748,000 after buying an additional 172 shares during the last quarter. Signaturefd LLC grew its position in shares of Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after buying an additional 178 shares during the last quarter. PDS Planning Inc boosted its position in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. PDS Planning Inc now owns 4,497 shares of the company's stock valued at $349,000 after purchasing an additional 213 shares in the last quarter. Finally, NBT Bank N A NY boosted its position in shares of Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

WPM has been the topic of several recent research reports. Raymond James Financial increased their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Berenberg Bank raised their price target on Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Royal Bank Of Canada lifted their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets started 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. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $93.00.

Wheaton Precious Metals Stock Up 1.5%

WPM stock traded up $1.39 during trading on Friday, reaching $91.28. The company's stock had a trading volume of 977,763 shares, compared to its average volume of 1,715,967. Wheaton Precious Metals Corp. has a 1 year low of $53.05 and a 1 year high of $95.23. The company has a market capitalization of $41.44 billion, a P/E ratio of 67.13, a price-to-earnings-growth ratio of 2.69 and a beta of 0.46. The company's fifty day moving average is $87.18 and its 200-day moving average is $75.38.

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, topping analysts' consensus estimates 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 business had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the prior year, the business posted $0.36 EPS. Wheaton Precious Metals's revenue for the quarter was up 58.4% compared to the same quarter last year. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

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