Decker Retirement Planning Inc. acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,021 shares of the company's stock, valued at approximately $282,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Wheaton Precious Metals by 33.7% during the third quarter. FMR LLC now owns 14,665,913 shares of the company's stock valued at $895,723,000 after buying an additional 3,692,594 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Wheaton Precious Metals by 22.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company's stock valued at $211,207,000 after acquiring an additional 634,843 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company's stock valued at $178,551,000 after purchasing an additional 513,890 shares during the period. CIBC Asset Management Inc lifted its position in shares of Wheaton Precious Metals by 10.6% in the third quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company's stock worth $140,099,000 after purchasing an additional 218,575 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Wheaton Precious Metals by 5.9% during the third quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company's stock worth $121,939,000 after purchasing an additional 111,769 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WPM shares. Jefferies Financial Group increased their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. UBS Group started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price objective for the company. National Bank Financial raised Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. Stifel Canada cut shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, TD Securities boosted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.
Read Our Latest Stock Analysis on WPM
Wheaton Precious Metals Stock Up 0.7 %
Shares of WPM stock traded up $0.42 during mid-day trading on Friday, reaching $57.90. The stock had a trading volume of 493,939 shares, compared to its average volume of 1,453,389. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The firm has a market cap of $26.27 billion, a PE ratio of 43.21, a P/E/G ratio of 1.28 and a beta of 0.76. The firm's 50 day simple moving average is $59.66 and its 200 day simple moving average is $60.36.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.
Wheaton Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors 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 dividend on an annualized basis and a yield of 1.07%. Wheaton Precious Metals's payout ratio is currently 46.27%.
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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