Vanguard Group Inc. boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,770,475 shares of the company’s stock after acquiring an additional 272,918 shares during the quarter. Vanguard Group Inc. owned 3.70% of Wheaton Precious Metals worth $790,392,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. boosted its holdings in shares of Wheaton Precious Metals by 6.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 773,466 shares of the company’s stock worth $36,453,000 after buying an additional 47,368 shares during the period. Te Ahumairangi Investment Management Ltd increased its stake in shares of Wheaton Precious Metals by 9.4% during the first quarter. Te Ahumairangi Investment Management Ltd now owns 82,676 shares of the company’s stock worth $3,898,000 after purchasing an additional 7,100 shares during the period. Forge First Asset Management Inc. acquired a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $4,817,000. First Eagle Investment Management LLC boosted its stake in Wheaton Precious Metals by 1.4% in the 1st quarter. First Eagle Investment Management LLC now owns 21,403,409 shares of the company’s stock valued at $1,008,743,000 after purchasing an additional 292,968 shares during the period. Finally, SageView Advisory Group LLC bought a new position in Wheaton Precious Metals during the 1st quarter worth $770,000. Institutional investors and hedge funds own 70.34% of the company’s stock.
Wheaton Precious Metals Trading Down 0.7 %
NYSE:WPM opened at $59.93 on Thursday. The stock’s 50-day moving average is $55.75 and its 200-day moving average is $50.52. The stock has a market cap of $27.18 billion, a P/E ratio of 46.10, a price-to-earnings-growth ratio of 2.28 and a beta of 0.76. Wheaton Precious Metals Corp. has a 1-year low of $38.37 and a 1-year high of $63.06.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings results 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. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The firm had revenue of $296.80 million during the quarter, compared to analysts’ expectations of $278.95 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue was up 38.7% on a year-over-year basis. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.36 EPS for the current year.
Wheaton Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 29th. Wheaton Precious Metals’s payout ratio is presently 47.69%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Bank of America lifted their price objective on Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. CIBC raised their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank boosted their price target on Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, Berenberg Bank increased their price objective on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.
Read Our Latest Research Report on WPM
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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