1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC boosted its position in Wheaton Precious Metals Corp. ( NYSE:WPM – Free Report ) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 6,120 shares of the company’s stock after acquiring an additional 258 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Wheaton Precious Metals were worth $344,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also recently added to or reduced their stakes in the company.
Van ECK Associates Corp lifted its stake in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter.
Vanguard Group Inc. lifted its position in Wheaton Precious Metals by 1.6% during the fourth quarter.
Vanguard Group Inc. now owns 17,672,518 shares of the company’s stock valued at $994,733,000 after buying an additional 281,123 shares in the last quarter. Norges Bank purchased a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $472,648,000.
TD Asset Management Inc. increased its position in shares of Wheaton Precious Metals by 9.6% in the fourth quarter.
TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock worth $402,627,000 after acquiring an additional 629,743 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Wheaton Precious Metals by 6.
4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 2,931,246 shares of the company’s stock valued at $164,853,000 after acquiring an additional 177,071 shares during the period. Hedge funds and other institutional investors own 70.
34% of the company’s stock. Wall Street Analysts Forecast Growth WPM has been the subject of a number of research reports. Scotiabank upped 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 report on Monday, March 17th. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.
00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, April 4th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th.
Finally, Raymond James increased their target price on Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 4th.
One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $74.
50. Wheaton Precious Metals Stock Performance Wheaton Precious Metals stock opened at $70.56 on Wednesday.
Wheaton Precious Metals Corp. has a one year low of $49.43 and a one year high of $80.
43. The company has a 50-day simple moving average of $70.81 and a 200-day simple moving average of $64.
48. The firm has a market capitalization of $32.01 billion, a P/E ratio of 52.
65, a P/E/G ratio of 1.91 and a beta of 0.74.
Wheaton Precious Metals ( NYSE:WPM – Get Free Report ) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.
45 by ($0.01). The firm had revenue of $380.
52 million during the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a net margin of 50.
05% and a return on equity of 8.85%. Wheaton Precious Metals’s revenue for the quarter was up 21.
4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS.
As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.
Wheaton Precious Metals Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.165 per share.
This represents a $0.66 dividend on an annualized basis and a yield of 0.94%.
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 56.90%. About Wheaton Precious Metals ( 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 2017. Wheaton Precious Metals Corp.
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