Triasima Portfolio Management inc. Cuts Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Triasima Portfolio Management inc. lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 51.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,560 shares of the company's stock after selling 44,385 shares during the period. Triasima Portfolio Management inc.'s holdings in Wheaton Precious Metals were worth $2,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $243,010,000. BlackRock Inc. lifted its holdings in Wheaton Precious Metals by 245.5% during the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company's stock worth $120,401,000 after buying an additional 1,798,086 shares during the period. Renaissance Technologies LLC lifted its holdings in Wheaton Precious Metals by 41.7% during the first quarter. Renaissance Technologies LLC now owns 2,787,718 shares of the company's stock worth $132,641,000 after buying an additional 821,061 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Wheaton Precious Metals by 665.2% during the 1st quarter. Neuberger Berman Group LLC now owns 888,189 shares of the company's stock valued at $42,304,000 after purchasing an additional 772,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 99.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,498,894 shares of the company's stock valued at $54,006,000 after purchasing an additional 749,011 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $0.82 during trading on Friday, hitting $51.80. 3,833,332 shares of the stock traded hands, compared to its average volume of 2,152,833. The firm has a market capitalization of $23.48 billion, a P/E ratio of 43.53, a price-to-earnings-growth ratio of 7.39 and a beta of 0.77. The firm's fifty day moving average price is $45.28 and its 200-day moving average price is $45.59. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $54.30.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The firm had revenue of $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.24 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.15. Wheaton Precious Metals's dividend payout ratio (DPR) is 52.10%.

Wall Street Analysts Forecast Growth

WPM has been the subject of several analyst reports. Raymond James decreased their price objective on Wheaton Precious Metals from $60.00 to $58.00 and set a "market perform" rating for the company in a report on Thursday, February 22nd. CIBC raised their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Berenberg Bank raised their target price on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, March 27th. Scotiabank decreased their price target on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, February 28th. Finally, Jefferies Financial Group started coverage on shares of Wheaton Precious Metals in a research note on Thursday, February 29th. They issued a "buy" rating and a $49.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.63.

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.