Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 67.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 82,544 shares of the company’s stock after selling 168,742 shares during the quarter. Janus Henderson Group PLC’s holdings in Wheaton Precious Metals were worth $5,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ridgewood Investments LLC acquired a new stake in Wheaton Precious Metals in the second quarter worth about $31,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $31,000. Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals in the second quarter valued at approximately $47,000. St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals during the third quarter valued at approximately $48,000. Finally, First Horizon Advisors Inc. bought a new stake in Wheaton Precious Metals during the third quarter worth approximately $67,000. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, TD Securities boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $61.78 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The company has a market cap of $28.03 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 1.72 and a beta of 0.75. The firm has a 50 day simple moving average of $62.93 and a 200 day simple moving average of $59.70.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business 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 8.85% and a net margin of 50.05%. During the same quarter last year, the firm posted $0.27 earnings per share. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Wheaton Precious Metals Company 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.