BI Asset Management Fondsmaeglerselskab A S Sells 4,178 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

BI Asset Management Fondsmaeglerselskab AS increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating ) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,509 shares of the company’s stock after selling 4,178 shares during the quarter. BI Asset Management Fondsmaeglerselskab AS’s holdings in Wheaton Precious Metals were worth $631,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 1.5% during the third quarter. Van ECK Associates Corp now owns 19,080,354 shares of the company’s stock valued at $617,438,000 after buying an additional 273,480 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 14,469,870 shares of the company’s stock valued at $688,475,000 after acquiring an additional 303,774 shares during the last quarter. FMR LLC lifted its holdings in shares of Wheaton Precious Metals by 5.3% in the 2nd quarter. FMR LLC now owns 14,161,430 shares of the company’s stock valued at $510,260,000 after acquiring an additional 707,233 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Wheaton Precious Metals by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock valued at $301,893,000 after acquiring an additional 361,138 shares during the last quarter. Finally, Vaughan Nelson Investment Management LP grew its stake in shares of Wheaton Precious Metals by 16.1% in the third quarter. Vaughan Nelson Investment Management LP now owns 5,379,222 shares of the company’s stock valued at $174,071,000 after buying an additional 747,231 shares during the period. 57.01% of the share is owned by institutional investors.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $45.66 on Monday. The company has a market cap of $20.64 billion, a PE ratio of 25.94, a P/E/G ratio of 7.77 and a beta of 0.50. The business has a 50 day simple moving average of $41.03 and a two hundred day simple moving average of $35.81. Wheaton Precious Metals Corp. has a fifty-two week low of $28.62 and a fifty-two week high of $51.90.

Wheaton Precious Metals (NYSE:WPM – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Wheaton Precious Metals had a return on equity of 8.35% and a net margin of 71.79%. The business had revenue of $218.84 million for the quarter, compared to analyst estimates of $237.90 million. On average, sell-side analysts predict that Wheaton Precious Metals Corp. 1.13 earnings per share for the current financial year will achieve.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Monday, November 21st were issued a dividend of $0.15 per share. This represents a dividend of $0.60 on an annual basis and a dividend yield of 1.31%. The ex-dividend date was Friday, November 18. Wheaton Precious Metals’s dividend payout ratio (DPR) is 34.09%.

Analyst Rating Changes

Several equities analysts have issued reports on WPM shares. TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd. Stifel Nicolaus decreased their target price on shares of Wheaton Precious Metals from C$66.50 to C$64.00 in a report on Wednesday, October 19th. National Bank Financial boosted their target price on shares of Wheaton Precious Metals from C$60.00 to C$70.00 in a report on Friday, January 13th. TD Securities reduced their price objective on shares of Wheaton Precious Metals from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Finally, StockNews.com began coverage on Wheaton Precious Metals in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.86.

Wheaton Precious Metals Company Profile (Get Rating)

Wheaton Precious Metals Corp. is a mining company engaged in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt and Other. It focuses on the following precious metal streams: Salobo, Penasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others.