U S Global Investors Inc. Sells 16,103 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

U S Global Investors Inc. lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,378 shares of the company's stock after selling 16,103 shares during the quarter. Wheaton Precious Metals accounts for 1.7% of U S Global Investors Inc.'s investment portfolio, making the stock its 19th largest holding. U S Global Investors Inc.'s holdings in Wheaton Precious Metals were worth $12,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Wheaton Precious Metals by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock worth $994,733,000 after buying an additional 281,123 shares during the last quarter. FMR LLC lifted its holdings in Wheaton Precious Metals by 5.9% during the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after acquiring an additional 863,306 shares during the period. Royal Bank of Canada boosted its position in Wheaton Precious Metals by 5.0% in the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock worth $530,057,000 after purchasing an additional 447,702 shares during the last quarter. Norges Bank purchased a new position in Wheaton Precious Metals in the fourth quarter worth $472,648,000. Finally, TD Asset Management Inc. grew its stake in Wheaton Precious Metals by 9.6% in the 4th quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock valued at $402,627,000 after purchasing an additional 629,743 shares during the period. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Down 3.3%

Shares of WPM stock traded down $2.96 during trading on Friday, hitting $87.30. The company had a trading volume of 2,628,915 shares, compared to its average volume of 1,705,039. The stock's 50-day moving average is $85.86 and its two-hundred day moving average is $73.49. The stock has a market capitalization of $39.63 billion, a price-to-earnings ratio of 64.19, a price-to-earnings-growth ratio of 2.75 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 quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The firm had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business's revenue for the quarter was up 58.4% compared to the same quarter last year. On average, research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.76%. Wheaton Precious Metals's payout ratio is 48.53%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank Of Canada upped their price objective on 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. Raymond James Financial boosted their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. 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 lifted their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Scotiabank boosted their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $92.75.

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.