Triasima Portfolio Management inc. Lowers Holdings in Wheaton Precious Metals Corp. $WPM

Key Points

• Triasima Portfolio Management reduced its stake in Wheaton Precious Metals by 40.9% in Q4, selling 11,705 shares and leaving it with 16,900 shares valued at about $1.99 million.
• Wheaton reported a strong quarter—EPS $1.22 vs. $0.91 expected and revenue of $864.7M (up 127.3% YoY)—and raised its quarterly dividend to $0.195 from $0.17.
• Analysts are broadly positive (13 Buys, 1 Hold) with a consensus rating of “Moderate Buy” and an average price target of $155.45, although the stock is trading below its 50-day moving average amid short-term technical pressure.

Triasima Portfolio Management inc. decreased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,900 shares of the company's stock after selling 11,705 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Wheaton Precious Metals were worth $1,989,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WPM. Nisa Investment Advisors LLC purchased a new position in Wheaton Precious Metals during the third quarter valued at $26,000. Assetmark Inc. raised its stake in Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company's stock valued at $26,000 after buying an additional 130 shares during the last quarter. Root Financial Partners LLC purchased a new position in Wheaton Precious Metals during the third quarter valued at $29,000. Eagle Bay Advisors LLC purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $32,000. Finally, Triumph Capital Management purchased a new position in shares of Wheaton Precious Metals in the third quarter worth $33,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

More Wheaton Precious Metals News

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: Wheaton added a 1.5% net-smelter-return (NSR) royalty on gold and silver from the Spanish Mountain project, expanding its royalty portfolio and growth pipeline; the piece also notes WPM is a Goldman Sachs top gold pick. Wheaton Precious Metals Corp. (WPM) Bolsters Gold Portfolio with Spanish Mountain Royalty Deal
• Positive Sentiment: Analysts expect Q1 earnings growth and WPM is flagged as having the right setup for a likely earnings beat next week, which supports upside from fundamentals and could lift sentiment if results meet or exceed forecasts. Wheaton Precious Metals Corp. (WPM) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Gold-sector peers are heading into earnings with mixed drivers — higher gold prices and new mine output are supportive, but cost inflation is a recurring theme; those sector dynamics could influence WPM’s post-earnings reaction. B2Gold Set to Report Q1 Earnings: What's in Store for the Stock?
• Neutral Sentiment: Peer outlooks such as IAMGOLD’s strong forecast (helped by project ramp-ups) suggest industry-level upside from robust gold prices, which could benefit royalty companies like Wheaton if realized. IAMGOLD to Report Q1 Earnings: What's in Store for the Stock?
• Negative Sentiment: Despite the positive news, shares are trading lower today and sit below the 50-day moving average, with volume under its recent average — technical pressure and short-term profit-taking may be weighing on the stock.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $125.61 on Monday. Wheaton Precious Metals Corp. has a one year low of $75.42 and a one year high of $165.76. The firm has a market capitalization of $57.04 billion, a P/E ratio of 38.77, a PEG ratio of 2.43 and a beta of 0.50. The business has a fifty day moving average of $140.42 and a 200 day moving average of $126.44.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.91 by $0.31. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The company had revenue of $864.71 million during the quarter, compared to analyst estimates of $719.59 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Wheaton Precious Metals's revenue was up 127.3% compared to the same quarter last year. Analysts expect that Wheaton Precious Metals Corp. will post 4.88 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were issued a $0.195 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals's dividend payout ratio is presently 24.07%.

Analyst Ratings Changes

Several research analysts have recently weighed in on WPM shares. TD Securities boosted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 16th. UBS Group upgraded Wheaton Precious Metals from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a research note on Friday, March 27th. TD Cowen boosted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, March 16th. Zacks Research cut Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 5th. Finally, BMO Capital Markets started coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They issued an "outperform" rating and a $240.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.45.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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