Oppenheimer & Co. Inc. decreased its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,523 shares of the company's stock after selling 3,564 shares during the period. Oppenheimer & Co. Inc.'s holdings in Wheaton Precious Metals were worth $5,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth about $32,000. NBT Bank N A NY raised its position in Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after buying an additional 234 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Wheaton Precious Metals during the 4th quarter worth approximately $38,000. Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at approximately $39,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Wheaton Precious Metals by 494.9% in the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after acquiring an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.
Wheaton Precious Metals Stock Up 0.8%
Shares of Wheaton Precious Metals stock traded up $0.71 on Wednesday, reaching $89.28. The company's stock had a trading volume of 1,397,964 shares, compared to its average volume of 1,692,072. The company has a market capitalization of $40.53 billion, a P/E ratio of 65.65, a PEG ratio of 2.76 and a beta of 0.46. The stock has a 50-day moving average price of $85.59 and a 200-day moving average price of $73.01. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $95.23.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released 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. The firm had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The firm's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.
Analyst Ratings Changes
Several brokerages recently issued reports on WPM. Scotiabank raised their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Raymond James Financial boosted their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. Royal Bank Of Canada raised their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, CIBC lifted their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and an average price target of $86.90.
Read 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.
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