Montrusco Bolton Investments Inc. purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 181,751 shares of the company’s stock, valued at approximately $7,410,000.
Several other institutional investors also recently added to or reduced their stakes in WPM. Atlas Capital Advisors LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter worth about $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Wheaton Precious Metals by 54.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after buying an additional 280 shares in the last quarter. Glass Jacobson Investment Advisors llc purchased a new stake in Wheaton Precious Metals in the second quarter valued at approximately $33,000. Mechanics Financial Corp raised its stake in Wheaton Precious Metals by 200.0% in the third quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after purchasing an additional 600 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in Wheaton Precious Metals by 38.6% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock valued at $48,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 58.51% of the company’s stock.
Analysts Set New Price Targets
WPM has been the topic of a number of recent analyst reports. Raymond James raised their target price on shares of Wheaton Precious Metals from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Berenberg Bank lowered their target price on shares of Wheaton Precious Metals from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. BMO Capital Markets lowered their target price on shares of Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Finally, TheStreet downgraded shares of Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.13.
Wheaton Precious Metals Stock Down 0.8 %
Shares of Wheaton Precious Metals stock traded down $0.36 on Wednesday, hitting $46.59. The stock had a trading volume of 502,088 shares, compared to its average volume of 1,580,391. Wheaton Precious Metals Corp. has a one year low of $38.37 and a one year high of $52.76. The stock has a market cap of $21.11 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 9.25 and a beta of 0.80. The stock’s 50-day simple moving average is $48.08 and its two-hundred day simple moving average is $44.91.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last issued its 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 firm had revenue of $223.14 million for the quarter, compared to analysts’ expectations of $241.33 million. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.11 EPS for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Tuesday, November 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Monday, November 27th. Wheaton Precious Metals’s payout ratio is 50.42%.
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 10, 2017. Wheaton Precious Metals Corp.
Featured Articles
Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp. (NYSE:WPM – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wheaton Precious Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Wheaton Precious Metals wasn’t on the list.
While Wheaton Precious Metals currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.