PNC Financial Services Group Inc. boosted its position in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 94.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,307 shares of the company’s stock after acquiring an additional 10,377 shares during the period. PNC Financial Services Group Inc.’s holdings in Wheaton Precious Metals were worth $435,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of WPM. Alliancebernstein L.P. grew its stake in Wheaton Precious Metals by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 144,970 shares of the company’s stock worth $3,208,000 after buying an additional 3,489 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Wheaton Precious Metals by 7.8% in the 1st quarter. First Republic Investment Management Inc. now owns 63,413 shares of the company’s stock worth $1,291,000 after buying an additional 4,562 shares in the last quarter. Gratus Capital LLC grew its stake in Wheaton Precious Metals by 19.8% in the 1st quarter. Gratus Capital LLC now owns 39,990 shares of the company’s stock worth $815,000 after buying an additional 6,600 shares in the last quarter. LPL Financial LLC grew its stake in Wheaton Precious Metals by 18.4% in the 4th quarter. LPL Financial LLC now owns 54,316 shares of the company’s stock worth $1,202,000 after buying an additional 8,458 shares in the last quarter. Finally, Timber Hill LLC purchased a new position in Wheaton Precious Metals in the 1st quarter worth approximately $211,000. 52.67% of the stock is owned by institutional investors.
A number of research firms have commented on WPM. TheStreet cut shares of Wheaton Precious Metals from a “b-” rating to a “c” rating in a research note on Thursday, March 29th. Raymond James boosted their price target on shares of Wheaton Precious Metals from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 12th. ValuEngine cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. TD Securities boosted their price target on shares of Wheaton Precious Metals from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Wheaton Precious Metals in a research note on Monday, June 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.00.
Shares of WPM opened at $21.69 on Monday. The company has a market capitalization of $9.49 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 7.22 and a beta of 0.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.51 and a quick ratio of 2.51. Wheaton Precious Metals Corp has a fifty-two week low of $18.32 and a fifty-two week high of $22.72.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The firm had revenue of $199.25 million during the quarter, compared to analyst estimates of $209.38 million. Wheaton Precious Metals had a net margin of 7.65% and a return on equity of 5.75%. The firm’s revenue was up .7% on a year-over-year basis. equities research analysts expect that Wheaton Precious Metals Corp will post 0.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 7th. Stockholders of record on Friday, May 25th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.66%. Wheaton Precious Metals’s payout ratio is 57.14%.
Wheaton Precious Metals 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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