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Well Done LLC Has $5.10 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Wheaton Precious Metals logo with Basic Materials background

Well Done LLC raised its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 72.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,645 shares of the company's stock after acquiring an additional 27,537 shares during the period. Wheaton Precious Metals makes up 1.0% of Well Done LLC's holdings, making the stock its 21st largest position. Well Done LLC's holdings in Wheaton Precious Metals were worth $5,096,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Wheaton Precious Metals during the 4th quarter worth approximately $20,790,000. Sei Investments Co. grew its position in Wheaton Precious Metals by 25.7% during the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after purchasing an additional 8,331 shares in the last quarter. Bank of New York Mellon Corp grew its position in Wheaton Precious Metals by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after purchasing an additional 33,256 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Wheaton Precious Metals during the 1st quarter worth approximately $531,000. Finally, Gotham Asset Management LLC grew its position in Wheaton Precious Metals by 83.8% during the 4th quarter. Gotham Asset Management LLC now owns 6,324 shares of the company's stock worth $356,000 after purchasing an additional 2,884 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. UBS Group lifted their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Raymond James Financial boosted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. CIBC boosted their price target on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. Finally, Scotiabank boosted their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $86.90.

View Our Latest Analysis on Wheaton Precious Metals

Wheaton Precious Metals Price Performance

NYSE:WPM traded down $1.78 during trading hours on Friday, reaching $89.29. The company's stock had a trading volume of 2,400,416 shares, compared to its average volume of 1,689,104. The company has a market cap of $40.52 billion, a price-to-earnings ratio of 65.66, a price-to-earnings-growth ratio of 2.78 and a beta of 0.46. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $95.23. The business's 50-day moving average is $85.33 and its 200-day moving average is $72.63.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $470.41 million during 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%. Wheaton Precious Metals's revenue for the quarter was up 58.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is 48.53%.

Wheaton Precious Metals Profile

(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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