BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Get Rating) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,509 shares of the company’s stock after selling 4,178 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Wheaton Precious Metals were worth $631,000 at the end of the most recent quarter.
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Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in Wheaton Precious Metals by 1.5% during the third quarter. Van ECK Associates Corp now owns 19,080,354 shares of the company’s stock worth $617,438,000 after buying an additional 273,480 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Wheaton Precious Metals by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 14,469,870 shares of the company’s stock worth $688,475,000 after acquiring an additional 303,774 shares during the last quarter. FMR LLC lifted its holdings in shares of Wheaton Precious Metals by 5.3% in the 2nd quarter. FMR LLC now owns 14,161,430 shares of the company’s stock worth $510,260,000 after acquiring an additional 707,233 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Wheaton Precious Metals by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock worth $301,893,000 after acquiring an additional 361,138 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Wheaton Precious Metals by 16.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,379,222 shares of the company’s stock worth $174,071,000 after buying an additional 747,231 shares during the period. 57.01% of the stock is owned by institutional investors.
Wheaton Precious Metals Stock Performance
Shares of NYSE WPM opened at $45.66 on Monday. The company has a market cap of $20.64 billion, a PE ratio of 25.94, a P/E/G ratio of 7.77 and a beta of 0.50. The business has a 50-day simple moving average of $41.03 and a two-hundred day simple moving average of $35.81. Wheaton Precious Metals Corp. has a fifty-two week low of $28.62 and a fifty-two week high of $51.90.
Wheaton Precious Metals (NYSE:WPM – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Wheaton Precious Metals had a return on equity of 8.35% and a net margin of 71.79%. The business had revenue of $218.84 million during the quarter, compared to analyst estimates of $237.90 million. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.13 earnings per share for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Monday, November 21st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, November 18th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 34.09%.
Analyst Ratings Changes
Several equities analysts have issued reports on WPM shares. TheStreet upgraded shares of Wheaton Precious Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd. Stifel Nicolaus reduced their target price on shares of Wheaton Precious Metals from C$66.50 to C$64.00 in a report on Wednesday, October 19th. National Bank Financial increased their target price on shares of Wheaton Precious Metals from C$60.00 to C$70.00 in a report on Friday, January 13th. TD Securities cut their price objective on shares of Wheaton Precious Metals from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Finally, StockNews.com began coverage on Wheaton Precious Metals in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.86.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. is a mining company engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Penasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey’s Bay, and others.
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