Cwm LLC increased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,040 shares of the company’s stock after buying an additional 295 shares during the period. Cwm LLC’s holdings in Wheaton Precious Metals were worth $159,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of WPM. Capital International Inc. CA boosted its holdings in Wheaton Precious Metals by 2.5% during the first quarter. Capital International Inc. CA now owns 8,308 shares of the company’s stock valued at $392,000 after acquiring an additional 204 shares during the period. Western Pacific Wealth Management LP lifted its position in shares of Wheaton Precious Metals by 19.6% during the 1st quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after purchasing an additional 218 shares during the last quarter. Brookstone Capital Management boosted its stake in Wheaton Precious Metals by 5.3% during the 1st quarter. Brookstone Capital Management now owns 4,771 shares of the company’s stock valued at $225,000 after purchasing an additional 240 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in Wheaton Precious Metals by 25.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,231 shares of the company’s stock valued at $65,000 after buying an additional 253 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in Wheaton Precious Metals by 30.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock worth $57,000 after buying an additional 273 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on WPM shares. Bank of America increased their price objective on Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 27th. CIBC boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Jefferies Financial Group lifted their target price on Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, TD Securities cut their price target on Wheaton Precious Metals from $71.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.89.
Check Out Our Latest Stock Analysis on WPM
Wheaton Precious Metals Trading Up 2.2 %
Shares of WPM opened at $59.06 on Friday. The stock has a market cap of $26.79 billion, a PE ratio of 45.43, a PEG ratio of 2.08 and a beta of 0.76. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $63.06. The stock has a 50 day simple moving average of $56.16 and a 200-day simple moving average of $51.61.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $299.06 million for the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. On average, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.38 EPS for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, August 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 47.69%.
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 2017. Wheaton Precious Metals Corp.
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