Great West Life Assurance Co. Can boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 0.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 842,564 shares of the company’s stock after purchasing an additional 3,873 shares during the quarter. Great West Life Assurance Co. Can owned about 0.19% of Wheaton Precious Metals worth $36,632,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $29,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of Wheaton Precious Metals during the second quarter worth about $33,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Wheaton Precious Metals by 54.7% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Wheaton Precious Metals by 92.4% in the 2nd quarter. Allworth Financial LP now owns 1,258 shares of the company’s stock valued at $54,000 after purchasing an additional 604 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at about $55,000. 58.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on the company. Raymond James lifted their price target on Wheaton Precious Metals from $56.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com initiated coverage on shares of Wheaton Precious Metals in a research report on Thursday, October 5th. They issued a “hold” rating for the company. National Bank Financial lowered their price objective on shares of Wheaton Precious Metals from C$75.00 to C$72.50 in a research report on Monday, September 25th. Berenberg Bank reduced their target price on shares of Wheaton Precious Metals from $61.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, October 11th. Finally, BMO Capital Markets lowered their price target on Wheaton Precious Metals from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.
Wheaton Precious Metals Stock Up 0.3 %
Shares of NYSE:WPM opened at $45.88 on Tuesday. The company has a 50-day moving average price of $42.70 and a 200 day moving average price of $43.87. Wheaton Precious Metals Corp. has a 52 week low of $36.49 and a 52 week high of $52.76. The company has a market cap of $20.78 billion, a P/E ratio of 38.55, a PEG ratio of 3.19 and a beta of 0.59.
Wheaton Precious Metals Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 28th will be paid a $0.15 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 50.42%.
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 10, 2017. Wheaton Precious Metals Corp.
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