Sargent Investment Group LLC Has $929,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Sargent Investment Group LLC lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 28.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,202 shares of the company’s stock after selling 6,100 shares during the quarter. Sargent Investment Group LLC’s holdings in Wheaton Precious Metals were worth $929,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WPM. Van ECK Associates Corp raised its stake in shares of Wheaton Precious Metals by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock valued at $1,047,621,000 after purchasing an additional 197,426 shares during the period. Vanguard Group Inc. boosted its position in shares of Wheaton Precious Metals by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock valued at $790,392,000 after purchasing an additional 272,918 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Wheaton Precious Metals by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock worth $344,483,000 after buying an additional 1,010,307 shares in the last quarter. TD Asset Management Inc increased its stake in Wheaton Precious Metals by 22.5% in the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after purchasing an additional 1,092,480 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Wheaton Precious Metals by 4.5% during the 1st quarter. National Bank of Canada FI now owns 3,585,388 shares of the company’s stock valued at $168,979,000 after purchasing an additional 155,726 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. Stifel Canada cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Raymond James increased their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Scotiabank raised their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, TD Securities boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $70.88.

Wheaton Precious Metals Trading Up 0.4 %

Wheaton Precious Metals stock traded up $0.22 during midday trading on Thursday, reaching $59.26. 560,362 shares of the stock traded hands, compared to its average volume of 1,769,999. The firm has a market cap of $26.88 billion, a PE ratio of 44.07, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. Wheaton Precious Metals Corp. has a 12-month low of $38.57 and a 12-month high of $68.64. The company has a 50-day simple moving average of $62.76 and a two-hundred day simple moving average of $58.75.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter last year, the business posted $0.27 earnings per share. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced 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. This represents a $0.62 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 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.