DAVENPORT & Co LLC acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 35,748 shares of the company’s stock, valued at approximately $1,764,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. CVA Family Office LLC purchased a new stake in Wheaton Precious Metals in the 4th quarter valued at about $26,000. Atlas Capital Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $31,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Wheaton Precious Metals by 54.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Finally, Mechanics Financial Corp increased its stake in shares of Wheaton Precious Metals by 200.0% during the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock worth $36,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.
Wheaton Precious Metals Price Performance
Shares of NYSE:WPM opened at $50.57 on Friday. The firm has a fifty day moving average price of $44.89 and a two-hundred day moving average price of $45.30. Wheaton Precious Metals Corp. has a one year low of $38.37 and a one year high of $52.76. The company has a market cap of $22.91 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 13.13 and a beta of 0.77.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The firm had revenue of $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.21 EPS for the current fiscal year.
Wheaton Precious Metals Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.23%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, April 2nd. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 52.10%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Wheaton Precious Metals in a research note on Thursday, February 29th. They set a “buy” rating and a $49.00 price target for the company. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Berenberg Bank raised their price target on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their price target for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Finally, Scotiabank cut their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.63.
Get Our Latest Analysis on Wheaton Precious Metals
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.
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