Evanson Asset Management LLC reduced its stake in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 37.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,986 shares of the company’s stock after selling 3,000 shares during the quarter. Evanson Asset Management LLC’s holdings in Wheaton Precious Metals were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Atlas Capital Advisors LLC bought a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $29,000. Allworth Financial LP lifted its position in Wheaton Precious Metals by 67.3% in the 1st quarter. Allworth Financial LP now owns 654 shares of the company’s stock valued at $31,000 after acquiring an additional 263 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in Wheaton Precious Metals by 54.7% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. MCF Advisors LLC lifted its position in Wheaton Precious Metals by 7,566.7% in the 1st quarter. MCF Advisors LLC now owns 690 shares of the company’s stock valued at $33,000 after acquiring an additional 681 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in Wheaton Precious Metals by 52.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,005 shares of the company’s stock valued at $48,000 after acquiring an additional 344 shares in the last quarter. 58.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from $57.00 to $61.50 and gave the company a “buy” rating in a research note on Monday, September 11th. Barclays decreased their target price on shares of Wheaton Precious Metals from $42.00 to $41.00 in a research note on Friday, July 7th. National Bank Financial decreased their target price on shares of Wheaton Precious Metals from C$80.00 to C$75.00 in a research note on Friday, July 21st. StockNews.com assumed coverage on shares of Wheaton Precious Metals in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Royal Bank of Canada lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$50.00 to C$45.00 in a research note on Tuesday, May 23rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.39.
Wheaton Precious Metals Stock Performance
Shares of Wheaton Precious Metals stock opened at $44.22 on Friday. The company has a market capitalization of $20.02 billion, a P/E ratio of 32.51, a P/E/G ratio of 7.47 and a beta of 0.60. The company has a fifty day moving average of $43.31 and a 200 day moving average of $45.30. Wheaton Precious Metals Corp. has a fifty-two week low of $28.62 and a fifty-two week high of $52.76.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last issued its earnings results on Friday, August 11th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. Wheaton Precious Metals had a net margin of 65.87% and a return on equity of 6.61%. The company had revenue of $264.97 million during the quarter, compared to the consensus estimate of $250.73 million. During the same quarter in the prior year, the firm posted $0.33 EPS. Wheaton Precious Metals’s quarterly revenue was down 12.5% compared to the same quarter last year. Analysts forecast that Wheaton Precious Metals Corp. will post 1.15 EPS for the current year.
Wheaton Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Friday, August 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, August 24th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 44.12%.
Wheaton Precious Metals Company 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 10, 2017. Wheaton Precious Metals Corp.
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