Cetera Investment Advisers lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 95.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,724 shares of the company's stock after buying an additional 37,421 shares during the quarter. Cetera Investment Advisers' holdings in Wheaton Precious Metals were worth $4,315,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of WPM. Barclays PLC raised its holdings in shares of Wheaton Precious Metals by 9.9% in the third quarter. Barclays PLC now owns 315,914 shares of the company's stock worth $19,297,000 after buying an additional 28,485 shares during the period. Miracle Mile Advisors LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at $773,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at $39,000. Decker Retirement Planning Inc. acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $282,000. Finally, Avanza Fonder AB acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $2,455,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.
Wheaton Precious Metals Stock Performance
Shares of Wheaton Precious Metals stock traded up $1.18 on Tuesday, hitting $81.54. The company's stock had a trading volume of 230,189 shares, compared to its average volume of 1,668,010. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $87.42. The firm has a fifty day moving average price of $78.87 and a 200-day moving average price of $68.24. The company has a market capitalization of $37.00 billion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. During the same period in the previous year, the firm posted $0.36 EPS. Wheaton Precious Metals's revenue was up 58.4% compared to the same quarter last year. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.
Wheaton Precious Metals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's payout ratio is 48.53%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on WPM shares. UBS Group raised their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Scotiabank lifted their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. CIBC lifted their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Raymond James lifted their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $85.90.
Check Out Our Latest Report on WPM
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.
Read More
Before you consider Wheaton Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheaton Precious Metals wasn't on the list.
While Wheaton Precious Metals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
