Montrusco Bolton Investments Inc. boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 426.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 957,339 shares of the company’s stock after acquiring an additional 775,588 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.21% of Wheaton Precious Metals worth $47,460,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of WPM. CVA Family Office LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $26,000. McGlone Suttner Wealth Management Inc. bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $31,000. Principal Securities Inc. acquired a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $39,000. Fifth Third Bancorp boosted its holdings in shares of Wheaton Precious Metals by 230.7% during the fourth quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock worth $43,000 after acquiring an additional 602 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Wheaton Precious Metals by 30.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock valued at $57,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on WPM shares. Berenberg Bank upped their price objective on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 21st. Jefferies Financial Group boosted their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Raymond James dropped their price target on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. Finally, CIBC raised their price objective on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average target price of $57.25.
Get Our Latest Research Report on Wheaton Precious Metals
Wheaton Precious Metals Trading Up 2.1 %
Wheaton Precious Metals stock traded up $1.18 during midday trading on Friday, reaching $57.01. The company’s stock had a trading volume of 1,778,346 shares, compared to its average volume of 1,698,095. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $57.33. The business has a 50-day moving average price of $50.47 and a 200-day moving average price of $47.64. The stock has a market cap of $25.84 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 7.45 and a beta of 0.75.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The firm had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $278.95 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 38.7% on a year-over-year basis. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.28 EPS for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 47.69%.
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.
See Also
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