Tocqueville Asset Management L.P. lifted its holdings in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,245,940 shares of the company’s stock after purchasing an additional 347,300 shares during the period. Wheaton Precious Metals accounts for 1.0% of Tocqueville Asset Management L.P.’s holdings, making the stock its 11th biggest holding. Tocqueville Asset Management L.P. owned about 0.73% of Wheaton Precious Metals worth $77,318,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of WPM. Dimensional Fund Advisors LP boosted its holdings in Wheaton Precious Metals by 89.0% during the third quarter. Dimensional Fund Advisors LP now owns 950,723 shares of the company’s stock valued at $16,638,000 after purchasing an additional 447,626 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Wheaton Precious Metals by 588.5% during the third quarter. JPMorgan Chase & Co. now owns 2,077,956 shares of the company’s stock valued at $36,364,000 after purchasing an additional 1,776,164 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Wheaton Precious Metals by 34.9% during the third quarter. Neuberger Berman Group LLC now owns 14,504 shares of the company’s stock valued at $254,000 after purchasing an additional 3,750 shares in the last quarter. Nordea Investment Management AB acquired a new stake in Wheaton Precious Metals during the third quarter valued at approximately $424,000. Finally, Morgan Stanley boosted its holdings in Wheaton Precious Metals by 6.4% during the third quarter. Morgan Stanley now owns 1,771,308 shares of the company’s stock valued at $30,998,000 after purchasing an additional 106,661 shares in the last quarter. Institutional investors own 55.56% of the company’s stock.
Shares of WPM traded up $0.20 during trading hours on Friday, reaching $20.30. The stock had a trading volume of 1,473,406 shares, compared to its average volume of 2,324,982. The stock has a market cap of $8.98 billion, a P/E ratio of 42.29, a P/E/G ratio of 7.37 and a beta of -0.05. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. Wheaton Precious Metals Corp has a 52 week low of $15.08 and a 52 week high of $25.24.
Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $202.80 million. Wheaton Precious Metals had a return on equity of 3.86% and a net margin of 50.78%. On average, equities research analysts expect that Wheaton Precious Metals Corp will post 0.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.77%. Wheaton Precious Metals’s dividend payout ratio is 75.00%.
Several research analysts have recently commented on the company. TD Securities boosted their target price on Wheaton Precious Metals from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Raymond James set a $28.00 target price on Wheaton Precious Metals and gave the stock a “buy” rating in a report on Thursday, March 21st. Barclays downgraded Wheaton Precious Metals from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 9th. Standpoint Research downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price objective (up previously from $25.00) on shares of Wheaton Precious Metals in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.14.
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Wheaton Precious Metals Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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