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Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Jupiter Asset Management Ltd.

Wheaton Precious Metals logo with Basic Materials background

Key Points

  • Jupiter Asset Management Ltd. reduced its holdings in Wheaton Precious Metals by 0.5%, selling 2,723 shares and owning 594,368 shares valued at $46,141,000 as per its latest SEC filing.
  • Wheaton Precious Metals reported a quarterly EPS of $0.55, surpassing the expected $0.50, with revenue increasing by 58.4% year-over-year to $470.41 million.
  • The company announced a quarterly dividend of $0.165 per share, indicating an annualized yield of 0.7% and a payout ratio of 48.53%.
  • Five stocks we like better than Wheaton Precious Metals.

Jupiter Asset Management Ltd. lowered its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 594,368 shares of the company's stock after selling 2,723 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.13% of Wheaton Precious Metals worth $46,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors bought a new position in Wheaton Precious Metals in the fourth quarter worth approximately $263,810,000. Mackenzie Financial Corp boosted its holdings in Wheaton Precious Metals by 54.4% in the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after purchasing an additional 1,135,699 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Wheaton Precious Metals by 1,321.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock worth $68,720,000 after acquiring an additional 1,135,603 shares in the last quarter. FMR LLC boosted its stake in shares of Wheaton Precious Metals by 5.9% during the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after acquiring an additional 863,306 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Wheaton Precious Metals by 33.1% during the 4th quarter. Geode Capital Management LLC now owns 2,664,542 shares of the company's stock worth $151,134,000 after purchasing an additional 661,913 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Trading Up 0.7%

NYSE WPM traded up $0.60 on Friday, hitting $92.11. The company's stock had a trading volume of 1,622,166 shares, compared to its average volume of 1,751,247. Wheaton Precious Metals Corp. has a 52-week low of $53.05 and a 52-week high of $96.83. The company's 50-day simple moving average is $90.31 and its 200 day simple moving average is $79.53. The firm has a market cap of $41.81 billion, a P/E ratio of 67.73, a PEG ratio of 2.58 and a beta of 0.39.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The firm had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same quarter last year, the firm posted $0.36 EPS. The business's quarterly revenue was up 58.4% compared to the same quarter last year. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.7%. Wheaton Precious Metals's dividend payout ratio is 48.53%.

Analysts Set New Price Targets

WPM has been the topic of a number of analyst reports. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. Scotiabank lifted their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. Raymond James Financial lifted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $93.00.

View Our Latest 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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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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