Blair William & Co. IL lowered its position in Wheaton Precious Metals Corp (NYSE:WPM) by 50.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,191 shares of the company’s stock after selling 89,860 shares during the period. Blair William & Co. IL’s holdings in Wheaton Precious Metals were worth $1,561,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its position in Wheaton Precious Metals by 3.8% during the third quarter. First Eagle Investment Management LLC now owns 28,155,296 shares of the company’s stock valued at $492,718,000 after buying an additional 1,034,124 shares during the period. Van ECK Associates Corp grew its position in Wheaton Precious Metals by 3.9% during the second quarter. Van ECK Associates Corp now owns 20,306,408 shares of the company’s stock valued at $447,961,000 after buying an additional 753,871 shares during the period. Ruffer LLP grew its position in Wheaton Precious Metals by 158.3% during the third quarter. Ruffer LLP now owns 6,754,887 shares of the company’s stock valued at $108,490,000 after buying an additional 4,139,289 shares during the period. FIL Ltd grew its position in Wheaton Precious Metals by 77.3% during the third quarter. FIL Ltd now owns 6,272,194 shares of the company’s stock valued at $109,745,000 after buying an additional 2,735,450 shares during the period. Finally, Tocqueville Asset Management L.P. grew its position in Wheaton Precious Metals by 0.3% during the second quarter. Tocqueville Asset Management L.P. now owns 3,140,190 shares of the company’s stock valued at $69,273,000 after buying an additional 10,510 shares during the period. Institutional investors own 54.21% of the company’s stock.
Shares of NYSE:WPM opened at $16.55 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.04 and a quick ratio of 8.04. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 6.31 and a beta of 0.41. Wheaton Precious Metals Corp has a twelve month low of $15.08 and a twelve month high of $22.86.
Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Wednesday, November 14th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $185.77 million for the quarter, compared to the consensus estimate of $191.11 million. Wheaton Precious Metals had a return on equity of 5.14% and a net margin of 33.64%. Wheaton Precious Metals’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. Analysts predict that Wheaton Precious Metals Corp will post 0.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.18%. Wheaton Precious Metals’s dividend payout ratio is presently 57.14%.
Several research firms recently weighed in on WPM. Deutsche Bank set a $25.00 price target on shares of Wheaton Precious Metals and gave the company a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine lowered shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. Raymond James increased their price target on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Barclays began coverage on shares of Wheaton Precious Metals in a research report on Wednesday, October 10th. They set an “overweight” rating for the company. Finally, Zacks Investment Research lowered shares of Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.60.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 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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