Banque Cantonale Vaudoise lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,317 shares of the company’s stock after buying an additional 415 shares during the period. Banque Cantonale Vaudoise’s holdings in Wheaton Precious Metals were worth $716,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its position in shares of Wheaton Precious Metals by 9.0% in the 4th quarter. Van ECK Associates Corp now owns 20,792,506 shares of the company’s stock worth $812,564,000 after buying an additional 1,712,152 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Wheaton Precious Metals by 4.3% in the 4th quarter. First Eagle Investment Management LLC now owns 20,234,007 shares of the company’s stock worth $790,745,000 after buying an additional 831,221 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Wheaton Precious Metals by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 15,310,279 shares of the company’s stock worth $495,440,000 after buying an additional 485,237 shares during the last quarter. Royal Bank of Canada grew its position in Wheaton Precious Metals by 4.8% during the 3rd quarter. Royal Bank of Canada now owns 10,166,789 shares of the company’s stock worth $328,999,000 after purchasing an additional 464,829 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Wheaton Precious Metals by 7.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,766,392 shares of the company’s stock worth $218,960,000 after purchasing an additional 453,622 shares during the last quarter. Hedge funds and other institutional investors own 57.01% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on WPM shares. Scotiabank started coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 12th. They set a “sector outperform” rating and a $60.00 target price on the stock. BMO Capital Markets dropped their target price on shares of Wheaton Precious Metals from $52.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, March 10th. Canaccord Genuity Group boosted their target price on shares of Wheaton Precious Metals from C$67.00 to C$75.00 in a research report on Tuesday, April 4th. Royal Bank of Canada downgraded shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$50.00 to C$45.00 in a research report on Tuesday. Finally, The Goldman Sachs Group cut shares of Wheaton Precious Metals from a “buy” rating to a “neutral” rating in a research note on Thursday, April 20th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $350.56.
Insiders Place Their Bets
Wheaton Precious Metals Price Performance
WPM opened at $44.28 on Friday. The firm has a fifty day moving average price of $1,309.25 and a 200 day moving average price of $1,345.73. Wheaton Precious Metals Corp. has a 1 year low of $28.62 and a 1 year high of $52.76. The stock has a market cap of $20.05 billion, a P/E ratio of 32.09, a P/E/G ratio of 7.67 and a beta of 0.58.
Wheaton Precious Metals (NYSE:WPM – Get Rating) last posted its earnings results on Friday, May 5th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $214.00 million during the quarter, compared to analysts’ expectations of $237.87 million. Wheaton Precious Metals had a net margin of 64.08% and a return on equity of 6.81%. The business’s revenue was down 30.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Equities analysts expect that Wheaton Precious Metals Corp. will post 1.17 EPS for the current year.
Wheaton Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, May 18th. Wheaton Precious Metals’s dividend payout ratio is presently 43.48%.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. is a mining company engages in the sale of precious metals and cobalt production. It operates through the following business segments: Gold, Silver, Palladium, Cobalt, and Other. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.
- Get a free copy of the StockNews.com research report on Wheaton Precious Metals (WPM)
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