Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Decreased by U S Global Investors Inc.

U S Global Investors Inc. trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,378 shares of the company's stock after selling 16,103 shares during the quarter. Wheaton Precious Metals makes up approximately 1.7% of U S Global Investors Inc.'s holdings, making the stock its 19th largest position. U S Global Investors Inc.'s holdings in Wheaton Precious Metals were worth $12,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $20,790,000. Sei Investments Co. boosted its holdings in shares of Wheaton Precious Metals by 25.7% during the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after acquiring an additional 8,331 shares during the period. Bank of New York Mellon Corp grew its position in shares of Wheaton Precious Metals by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after acquiring an additional 33,256 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Wheaton Precious Metals in the 1st quarter valued at about $531,000. Finally, Gotham Asset Management LLC increased its stake in shares of Wheaton Precious Metals by 83.8% in the fourth quarter. Gotham Asset Management LLC now owns 6,324 shares of the company's stock valued at $356,000 after purchasing an additional 2,884 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WPM shares. CIBC increased their price objective on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. 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 research note on Wednesday, June 4th. Scotiabank increased their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday, April 14th. Finally, Raymond James Financial boosted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $92.75.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded down $0.39 during trading hours on Tuesday, hitting $89.41. 1,473,385 shares of the company's stock traded hands, compared to its average volume of 1,708,516. The company's fifty day simple moving average is $85.96 and its two-hundred day simple moving average is $73.85. The company has a market cap of $40.59 billion, a price-to-earnings ratio of 65.74, a price-to-earnings-growth ratio of 2.66 and a beta of 0.46. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The firm's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal 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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 48.53%.

About Wheaton Precious Metals

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.