Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,602,135 shares of the company's stock after selling 274,684 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.01% of Wheaton Precious Metals worth $258,824,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Fielder Capital Group LLC lifted its holdings in shares of Wheaton Precious Metals by 0.7% in the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after buying an additional 176 shares during the period. Signaturefd LLC lifted its stake in shares of Wheaton Precious Metals by 1.5% during the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after purchasing an additional 178 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after purchasing an additional 179 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after purchasing an additional 216 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Wheaton Precious Metals by 4.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock worth $344,000 after purchasing an additional 258 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded down $0.42 during mid-day trading on Friday, hitting $78.35. 2,161,291 shares of the company's stock traded hands, compared to its average volume of 1,675,166. The company has a fifty day moving average of $78.69 and a 200 day moving average of $68.12. The company has a market capitalization of $35.56 billion, a P/E ratio of 58.47, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company's revenue was up 58.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. On average, research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is presently 48.53%.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of analyst reports. Scotiabank upped their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective for the company. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $85.90.

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.