Wheaton Precious Metals Corp. (NYSE:WPM – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $77.53 and last traded at $77.39, with a volume of 84453 shares trading hands. The stock had previously closed at $76.62.
Analyst Ratings Changes
A number of equities analysts recently issued reports on WPM shares. Scotiabank increased their price target on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 17th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $72.44.
View Our Latest Research Report on Wheaton Precious Metals
Wheaton Precious Metals Stock Up 0.3 %
The stock’s fifty day simple moving average is $68.44 and its two-hundred day simple moving average is $63.78. The firm has a market cap of $34.87 billion, a PE ratio of 57.36, a PEG ratio of 1.91 and a beta of 0.77.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $380.52 million during the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.
Wheaton Precious Metals Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s payout ratio is currently 56.90%.
Hedge Funds Weigh In On Wheaton Precious Metals
Hedge funds have recently bought and sold shares of the company. Fielder Capital Group LLC lifted its holdings in shares of Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock valued at $1,389,000 after purchasing an additional 176 shares in the last quarter. Signaturefd LLC increased its holdings in Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company’s stock worth $668,000 after buying an additional 178 shares in the last quarter. Merit Financial Group LLC raised its position in Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after buying an additional 179 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after acquiring an additional 187 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after acquiring an additional 196 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.
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.
Further Reading
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