ASR Vermogensbeheer N.V. bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,621 shares of the company's stock, valued at approximately $1,755,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NBT Bank N A NY lifted its stake in shares of Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after buying an additional 234 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Wheaton Precious Metals in the 1st quarter worth approximately $49,000. Princeton Global Asset Management LLC bought a new position in shares of Wheaton Precious Metals in the 1st quarter worth $52,000. Penserra Capital Management LLC raised its position in shares of Wheaton Precious Metals by 1,812.8% during the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after buying an additional 707 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in Wheaton Precious Metals by 77.4% in the 1st quarter. Whittier Trust Co. now owns 763 shares of the company's stock worth $59,000 after buying an additional 333 shares during the last quarter. Institutional investors own 70.34% of the company's stock.
Wheaton Precious Metals Price Performance
WPM stock traded down $3.29 during trading on Monday, hitting $97.40. 3,400,390 shares of the stock traded hands, compared to its average volume of 1,857,841. The stock has a market cap of $44.22 billion, a price-to-earnings ratio of 56.30, a price-to-earnings-growth ratio of 2.81 and a beta of 0.39. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $103.81. The firm's 50 day moving average is $91.54 and its two-hundred day moving average is $80.93.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The company had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 12.12%. The firm's revenue for the quarter was up 68.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 21st. Wheaton Precious Metals's payout ratio is currently 38.15%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. UBS Group set a $106.00 price objective on Wheaton Precious Metals and gave the company a "neutral" rating in a research note on Monday. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday. Berenberg Bank upped their price target on Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Scotiabank lifted their price objective 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. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.89.
Read Our Latest Stock Report on Wheaton Precious Metals
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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