Janus Henderson Group PLC raised its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 130.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,957 shares of the company's stock after buying an additional 107,413 shares during the quarter. Janus Henderson Group PLC's holdings in Wheaton Precious Metals were worth $10,674,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $472,648,000. Capital International Investors acquired a new position in Wheaton Precious Metals in the 4th quarter valued at about $263,810,000. Arrowstreet Capital Limited Partnership purchased a new position in Wheaton Precious Metals in the 4th quarter valued at about $72,657,000. Van ECK Associates Corp lifted its holdings in Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. Finally, 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 purchasing an additional 1,135,603 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.
Wheaton Precious Metals Trading Down 0.7%
Shares of Wheaton Precious Metals stock traded down $0.63 during trading hours on Thursday, reaching $84.64. The stock had a trading volume of 459,539 shares, compared to its average volume of 1,672,501. The firm has a market capitalization of $38.41 billion, a price-to-earnings ratio of 63.17, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $87.42. The firm has a 50 day simple moving average of $79.30 and a two-hundred day simple moving average of $68.46.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results 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 the consensus estimate of $446.33 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company's revenue was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.
Wheaton Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is presently 48.53%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. Raymond James boosted 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 report on Tuesday, April 15th. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Scotiabank raised their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. Finally, BMO Capital Markets started coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price for the company. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $85.90.
Check Out Our Latest Analysis on WPM
Wheaton Precious Metals Profile
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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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