Artemis Investment Management LLP Sells 46,812 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Artemis Investment Management LLP lowered its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 40.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,320 shares of the company’s stock after selling 46,812 shares during the quarter. Artemis Investment Management LLP’s holdings in Wheaton Precious Metals were worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $29,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the 4th quarter worth $39,000. GAMMA Investing LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $41,000. Finally, Sunbelt Securities Inc. acquired a new stake in Wheaton Precious Metals in the second quarter valued at $47,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WPM shares. Stifel Canada cut 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 Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. TD Securities boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Raymond James raised their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $57.74 on Monday. 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 capitalization of $26.19 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 1.28 and a beta of 0.76. The company’s fifty day moving average price is $59.52 and its 200-day moving average price is $60.50.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period last year, the firm posted $0.27 earnings per share. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.07%. Wheaton Precious Metals’s payout ratio is 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.