Trek Financial LLC Sells 5,026 Shares of Wheaton Precious Metals Corp. $WPM

Trek Financial LLC reduced its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 10.2% during the 3rd quarter, Holdings Channel reports. The fund owned 44,080 shares of the company’s stock after selling 5,026 shares during the quarter. Trek Financial LLC’s holdings in Wheaton Precious Metals were worth $4,930,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in Wheaton Precious Metals during the 3rd quarter worth $26,000. Delta Asset Management LLC TN acquired a new stake in Wheaton Precious Metals during the 2nd quarter worth $27,000. Root Financial Partners LLC acquired a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at approximately $29,000. City State Bank boosted its stake in Wheaton Precious Metals by 40.0% in the 2nd quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after purchasing an additional 160 shares during the period. Finally, Pacifica Partners Inc. boosted its position in Wheaton Precious Metals by 27.8% during the third quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock valued at $51,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 1.9%

Shares of WPM traded up $2.67 during trading hours on Friday, reaching $146.37. 2,216,265 shares of the stock traded hands, compared to its average volume of 1,730,460. Wheaton Precious Metals Corp. has a 52 week low of $58.31 and a 52 week high of $147.28. The stock has a fifty day simple moving average of $118.17 and a 200 day simple moving average of $106.21. The company has a market cap of $66.46 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 1.32 and a beta of 0.52.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is presently 30.00%.

Analyst Ratings Changes

WPM has been the topic of several research reports. Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $115.00 to $130.00 in a research report on Wednesday, December 10th. Raymond James Financial raised their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, CIBC boosted their price objective on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $130.78.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.