BlackRock Inc. raised its stake in shares of Wheaton Precious Metals Co. (NYSE:WPM) by 35.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,114,733 shares of the company’s stock after buying an additional 554,068 shares during the period. BlackRock Inc.’s holdings in Wheaton Precious Metals were worth $46,799,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in WPM. Trust Co bought a new position in shares of Wheaton Precious Metals during the 3rd quarter valued at about $203,000. V Wealth Management LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $206,000. Greenleaf Trust bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $211,000. Gamble Jones Investment Counsel bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $221,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $242,000. 52.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WPM opened at $20.60 on Friday. Wheaton Precious Metals Co. has a one year low of $18.32 and a one year high of $22.72. The stock has a market capitalization of $9,046.29, a price-to-earnings ratio of 32.70, a PEG ratio of 6.64 and a beta of 0.36. The company has a quick ratio of 5.80, a current ratio of 8.52 and a debt-to-equity ratio of 0.16.
Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Wednesday, March 21st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $217.84 million. Wheaton Precious Metals had a net margin of 6.84% and a return on equity of 5.56%. Wheaton Precious Metals’s quarterly revenue was down 6.2% on a year-over-year basis. analysts anticipate that Wheaton Precious Metals Co. will post 0.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 6th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, April 5th. Wheaton Precious Metals’s dividend payout ratio is currently 57.14%.
Several equities analysts have recently weighed in on WPM shares. Zacks Investment Research lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Desjardins reiterated a “buy” rating on shares of Wheaton Precious Metals in a report on Monday, December 11th. Royal Bank of Canada set a $26.00 target price on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Monday, January 15th. Finally, TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c” rating in a report on Thursday, March 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Wheaton Precious Metals has an average rating of “Buy” and a consensus target price of $26.00.
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Wheaton Precious Metals Profile
Wheaton Precious Metals Corp. operates as a silver and gold streaming company worldwide. It has streaming agreements for 21 operating mines and 8 development stage projects. 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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