Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,862,846 shares of the company’s stock after acquiring an additional 110,802 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 1.07% of Wheaton Precious Metals worth $197,188,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in WPM. West Family Investments Inc. boosted its stake in Wheaton Precious Metals by 0.6% during the 2nd quarter. West Family Investments Inc. now owns 43,777 shares of the company’s stock worth $1,892,000 after acquiring an additional 249 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Wheaton Precious Metals by 54.7% during the fourth 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 in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Wheaton Precious Metals by 4.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,530 shares of the company’s stock valued at $282,000 after buying an additional 289 shares during the period. Prospera Financial Services Inc increased its position in shares of Wheaton Precious Metals by 2.0% in the 1st quarter. Prospera Financial Services Inc now owns 15,419 shares of the company’s stock valued at $743,000 after buying an additional 299 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in Wheaton Precious Metals by 38.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock worth $48,000 after buying an additional 328 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.
Wheaton Precious Metals Stock Performance
Shares of Wheaton Precious Metals stock opened at $47.06 on Monday. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $52.76. The firm has a 50-day moving average of $47.09 and a 200-day moving average of $44.31. The stock has a market cap of $21.32 billion, a PE ratio of 40.02, a PEG ratio of 9.61 and a beta of 0.81.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Wheaton Precious Metals had a net margin of 57.03% and a return on equity of 6.94%. The business had revenue of $223.14 million for the quarter, compared to analyst estimates of $241.33 million. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.1 earnings per share for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, November 27th. Wheaton Precious Metals’s payout ratio is 50.42%.
Analyst Ratings Changes
WPM has been the subject of several recent analyst reports. StockNews.com started coverage on Wheaton Precious Metals in a report on Thursday, October 5th. They issued a “hold” rating for the company. Raymond James upped their price target on shares of Wheaton Precious Metals from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, November 17th. Berenberg Bank lowered their price objective on shares of Wheaton Precious Metals from $61.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, October 11th. TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Finally, National Bank Financial lowered their target price on Wheaton Precious Metals from C$75.00 to C$72.50 in a report on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.88.
About Wheaton Precious Metals
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 10, 2017. Wheaton Precious Metals Corp.
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