Verus Capital Partners LLC Has $1.14 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Verus Capital Partners LLC cut its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,670 shares of the company’s stock after selling 200 shares during the period. Verus Capital Partners LLC’s holdings in Wheaton Precious Metals were worth $1,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WPM. Ridgewood Investments LLC acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at about $31,000. Abich Financial Wealth Management LLC bought a new stake in Wheaton Precious Metals during the second quarter worth about $31,000. Sunbelt Securities Inc. bought a new position in Wheaton Precious Metals in the 2nd quarter valued at about $47,000. St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth $48,000. Finally, Western Pacific Wealth Management LP boosted its stake in shares of Wheaton Precious Metals by 19.6% in the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 218 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research reports. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday. Raymond James lifted their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Scotiabank upped their target price on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.88.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $61.02 on Tuesday. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The company has a market cap of $27.68 billion, a PE ratio of 45.54, a P/E/G ratio of 2.37 and a beta of 0.77. The stock has a 50-day moving average of $62.77 and a 200-day moving average of $58.71.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a return on equity of 8.91% and a net margin of 50.05%. During the same quarter last year, the firm posted $0.27 earnings per share. Analysts expect that Wheaton Precious Metals Corp. will post 1.44 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

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.