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London
October 13, 2024
PI Global Investments
Precious Metals

Vaughan Nelson Investment Management L.P. Sells 481,775 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)


Vaughan Nelson Investment Management L.P. reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,534,828 shares of the company’s stock after selling 481,775 shares during the period. Wheaton Precious Metals makes up approximately 2.1% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 9th biggest position. Vaughan Nelson Investment Management L.P. owned about 1.00% of Wheaton Precious Metals worth $183,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atlas Capital Advisors LLC purchased a new stake in Wheaton Precious Metals during the fourth quarter worth about $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in 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 during the period. Mechanics Financial Corp increased its stake in Wheaton Precious Metals by 200.0% during the third quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock worth $36,000 after purchasing an additional 600 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Wheaton Precious Metals by 38.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock worth $48,000 after purchasing an additional 328 shares during the period. Finally, Intact Investment Management Inc. purchased a new stake in Wheaton Precious Metals during the fourth quarter worth about $55,000. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

NYSE:WPM traded down $0.36 during midday trading on Friday, reaching $45.54. 1,843,876 shares of the company traded hands, compared to its average volume of 1,618,821. Wheaton Precious Metals Corp. has a twelve month low of $38.37 and a twelve month high of $52.76. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 9.29 and a beta of 0.80. The company has a fifty day moving average price of $47.97 and a 200 day moving average price of $44.93.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Wheaton Precious Metals had a return on equity of 6.94% and a net margin of 57.03%. The business had revenue of $223.14 million during the quarter, compared to analyst estimates of $241.33 million. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WPM has been the subject of a number of analyst reports. TheStreet downgraded Wheaton Precious Metals from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. BMO Capital Markets cut their price target on Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. CIBC upped their price target on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Raymond James upped their price target on Wheaton Precious Metals from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.73.

Get Our Latest Research Report on Wheaton Precious Metals

Wheaton Precious Metals Profile

(Free Report)

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.

See Also

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:WPMFree Report).

Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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.

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