Swiss National Bank trimmed its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,472,800 shares of the company's stock after selling 44,100 shares during the period. Swiss National Bank owned about 0.33% of Wheaton Precious Metals worth $72,794,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sprott Inc. increased its stake in Wheaton Precious Metals by 4.8% in the 3rd quarter. Sprott Inc. now owns 799,533 shares of the company's stock valued at $32,421,000 after buying an additional 36,654 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in Wheaton Precious Metals by 31.4% in the 4th quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company's stock valued at $20,153,000 after buying an additional 97,535 shares during the last quarter. Deutsche Bank AG increased its stake in Wheaton Precious Metals by 4.4% in the 3rd quarter. Deutsche Bank AG now owns 3,623,133 shares of the company's stock valued at $146,918,000 after buying an additional 152,826 shares during the last quarter. Bryn Mawr Capital Management LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $1,509,000. Finally, Wellington Management Group LLP increased its stake in Wheaton Precious Metals by 98.8% in the 3rd quarter. Wellington Management Group LLP now owns 71,667 shares of the company's stock valued at $2,922,000 after buying an additional 35,616 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. National Bank Financial lowered shares of Wheaton Precious Metals from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, February 21st. CIBC lifted their price objective on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Raymond James decreased their price objective on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a "market perform" rating for the company in a research report on Thursday, February 22nd. BMO Capital Markets decreased their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Wednesday, February 21st. Finally, Jefferies Financial Group lifted their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and an average target price of $59.32.
Check Out Our Latest Research Report on WPM
Wheaton Precious Metals Stock Up 2.0 %
Shares of NYSE:WPM traded up $1.07 during midday trading on Monday, hitting $53.76. The stock had a trading volume of 1,156,423 shares, compared to its average volume of 2,109,182. The company's 50-day moving average price is $48.13 and its 200-day moving average price is $46.95. The company has a market capitalization of $24.37 billion, a P/E ratio of 45.18, a price-to-earnings-growth ratio of 7.13 and a beta of 0.75. Wheaton Precious Metals Corp. has a fifty-two week low of $38.37 and a fifty-two week high of $54.45.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The business had revenue of $313.47 million during the quarter, compared to analysts' expectations of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. Research analysts expect that Wheaton Precious Metals Corp. will post 1.26 EPS for the current fiscal year.
Wheaton Precious Metals Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.15%. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, April 2nd. Wheaton Precious Metals's dividend payout ratio is currently 52.10%.
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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