Public Employees Retirement System of Ohio bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,218 shares of the company's stock, valued at approximately $2,337,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WPM. FMR LLC lifted its stake in Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company's stock worth $895,723,000 after purchasing an additional 3,692,594 shares in the last quarter. Canoe Financial LP purchased a new stake in shares of Wheaton Precious Metals in the third quarter worth about $113,017,000. Barings LLC bought a new position in Wheaton Precious Metals during the second quarter valued at approximately $65,405,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Wheaton Precious Metals by 1,865.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company's stock valued at $76,061,000 after buying an additional 1,182,156 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Wheaton Precious Metals by 22.5% in the 2nd quarter. TD Asset Management Inc now owns 5,950,317 shares of the company's stock worth $311,920,000 after acquiring an additional 1,092,480 shares during the last quarter. Institutional investors own 70.34% of the company's stock.
Shares of NYSE WPM opened at $59.76 on Wednesday. The business's 50 day moving average price is $63.00 and its 200-day moving average price is $59.84. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.67 and a beta of 0.75.
Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. During the same period last year, the company earned $0.27 earnings per share. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.04%. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.
A number of research firms recently weighed in on WPM. Stifel Canada lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, October 4th. TD Securities lifted their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Raymond James upped their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.67.
View Our Latest Research Report on WPM
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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