Barclays PLC Buys 28,485 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Barclays PLC lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,914 shares of the company's stock after buying an additional 28,485 shares during the period. Barclays PLC owned approximately 0.07% of Wheaton Precious Metals worth $19,297,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Insigneo Advisory Services LLC boosted its holdings in shares of Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after acquiring an additional 187 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock worth $1,208,000 after purchasing an additional 196 shares during the last quarter. Vontobel Holding Ltd. grew its position in Wheaton Precious Metals by 0.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company's stock worth $2,110,000 after purchasing an additional 197 shares during the period. Arkadios Wealth Advisors raised its stake in Wheaton Precious Metals by 1.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company's stock valued at $1,318,000 after buying an additional 210 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its stake in Wheaton Precious Metals by 13.9% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,732 shares of the company's stock valued at $106,000 after buying an additional 212 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WPM. UBS Group initiated coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective for the company. Scotiabank boosted their price target on Wheaton Precious Metals from $66.50 to $72.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. National Bank Financial upgraded shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $0.84 on Friday, hitting $60.56. 1,418,596 shares of the stock traded hands, compared to its average volume of 1,591,076. The firm has a market cap of $27.47 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 1.67 and a beta of 0.75. The firm has a 50 day simple moving average of $62.99 and a two-hundred day simple moving average of $59.81. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The business had revenue of $308.25 million for the quarter, compared to analysts' expectations of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same period last year, the firm earned $0.27 earnings per share. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 1.02%. Wheaton Precious Metals's payout ratio is 46.27%.

Wheaton Precious Metals Profile

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.