1832 Asset Management L.P. lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 13.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,556 shares of the company’s stock after acquiring an additional 308 shares during the period. 1832 Asset Management L.P.’s holdings in Wheaton Precious Metals were worth $120,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $31,000. Principal Securities Inc. acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $39,000. Fifth Third Bancorp increased its position in shares of Wheaton Precious Metals by 230.7% during the 4th quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock worth $43,000 after purchasing an additional 602 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of Wheaton Precious Metals during the 1st quarter worth about $52,000. Finally, Western Pacific Wealth Management LP increased its position in shares of Wheaton Precious Metals by 47.6% during the 4th quarter. Western Pacific Wealth Management LP now owns 1,113 shares of the company’s stock worth $55,000 after purchasing an additional 359 shares in the last quarter. 70.34% of the stock is owned by institutional investors.
Wheaton Precious Metals Stock Down 0.7 %
WPM opened at $58.30 on Monday. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of 44.85, a P/E/G ratio of 2.18 and a beta of 0.76. Wheaton Precious Metals Corp. has a twelve month low of $38.37 and a twelve month high of $63.06. The company has a 50-day simple moving average of $55.84 and a 200 day simple moving average of $50.69.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The company had revenue of $296.80 million during the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The firm’s revenue was up 38.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.38 EPS for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on WPM shares. BMO Capital Markets increased their target price on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. CIBC raised their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Bank of America raised their price objective on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus price target of $65.00.
View Our Latest Report on Wheaton Precious Metals
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.
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