Wheaton Precious Metals Corp. $WPM Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Wheaton Precious Metals Corp. by 3.3%, selling 11,625 shares during the second quarter, and now holds 335,815 shares valued at $30.14 million.
• Several analysts have given Wheaton Precious Metals an "outperform" rating, with price targets ranging from $102.78 to $114.00, indicating positive sentiment towards the stock's future performance.
• Wheaton Precious Metals reported a significant 68.2% increase in quarterly revenue year-over-year, reaching $503.22 million, with an earnings per share of $0.63, surpassing expectations.

Public Employees Retirement System of Ohio lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 335,815 shares of the company's stock after selling 11,625 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Wheaton Precious Metals worth $30,144,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bulwark Capital Corp acquired a new stake in Wheaton Precious Metals in the 2nd quarter valued at $27,000. NBT Bank N A NY boosted its stake in Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth $38,000. Banque Cantonale Vaudoise acquired a new stake in Wheaton Precious Metals during the 1st quarter worth $49,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Wheaton Precious Metals during the 1st quarter worth $52,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WPM shares. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Raymond James Financial boosted their price objective on Wheaton Precious Metals from $112.00 to $114.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Finally, Scotiabank upped their price target on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.78.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $105.42 on Thursday. Wheaton Precious Metals Corp. has a 12 month low of $55.47 and a 12 month high of $109.67. The business has a 50 day simple moving average of $98.49 and a 200-day simple moving average of $88.47. The stock has a market capitalization of $47.86 billion, a PE ratio of 60.94, a price-to-earnings-growth ratio of 2.91 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company's quarterly revenue was up 68.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio is 38.15%.

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.

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