Artemis Investment Management LLP Has $3.90 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Artemis Investment Management LLP decreased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 40.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Wheaton Precious Metals during the fourth quarter valued at about $29,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals during the 2nd quarter valued at $31,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals in the 4th quarter valued at $39,000. GAMMA Investing LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter worth $41,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Wheaton Precious Metals during the 2nd quarter worth about $47,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on WPM. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Jefferies Financial Group raised their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Raymond James upped their price objective 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. TD Securities boosted 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, November 8th. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals Trading Up 0.4 %

Wheaton Precious Metals stock opened at $57.74 on Monday. The firm has a market capitalization of $26.19 billion, a P/E ratio of 43.09, a PEG ratio of 1.28 and a beta of 0.76. The business has a 50-day moving average of $59.52 and a 200-day moving average of $60.50. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64.

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, hitting the consensus estimate of $0.34. The firm had revenue of $308.25 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.27 earnings per share. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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