Nykredit A S bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 219,196 shares of the company's stock, valued at approximately $24,649,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. Harvest Fund Management Co. Ltd lifted its position in shares of Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company's stock worth $27,000 after acquiring an additional 117 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals in the fourth quarter worth $28,000. Cornerstone Planning Group LLC boosted its stake in Wheaton Precious Metals by 245.5% during the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company's stock worth $29,000 after buying an additional 162 shares in the last quarter. Navalign LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter worth $30,000. Finally, Hollencrest Capital Management increased its holdings in Wheaton Precious Metals by 73.5% in the 1st quarter. Hollencrest Capital Management now owns 236 shares of the company's stock valued at $31,000 after buying an additional 100 shares during the period. 70.34% of the stock is currently owned by institutional investors.
Wheaton Precious Metals Trading Up 4.3%
Shares of WPM opened at $157.37 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $71.47 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.67 and a beta of 0.60. The stock has a fifty day moving average price of $125.34 and a two-hundred day moving average price of $131.38. Wheaton Precious Metals Corp. has a 52-week low of $92.57 and a 52-week high of $165.76.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The business had revenue of $878.00 million during the quarter, compared to analysts' expectations of $879.29 million. During the same period in the previous year, the business posted $0.63 earnings per share. The firm's revenue for the quarter was up 84.7% compared to the same quarter last year. Analysts predict that Wheaton Precious Metals Corp. will post 4.79 EPS for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals's payout ratio is 17.29%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on WPM shares. Jefferies Financial Group cut their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Weiss Ratings cut Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. Bank of America cut their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Berenberg Bank set a $157.00 price target on Wheaton Precious Metals in a research report on Tuesday, July 28th. Finally, Wall Street Zen cut Wheaton Precious Metals from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.55.
Check Out Our Latest Stock Report on Wheaton Precious Metals
About Wheaton Precious Metals
(
Free Report)
Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.
The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.
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