Verition Fund Management LLC bought a new stake in Wheaton Precious Metals Corp (NYSE:WPM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 19,454 shares of the company’s stock, valued at approximately $431,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Wealth Management LLC purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $206,000. Greenleaf Trust purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $211,000. Gamble Jones Investment Counsel purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $221,000. Trust Co purchased a new position in Wheaton Precious Metals in the third quarter valued at about $203,000. Finally, First Allied Advisory Services Inc. purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $242,000. Hedge funds and other institutional investors own 52.33% of the company’s stock.
A number of research analysts have commented on WPM shares. TD Securities set a $28.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Friday, November 24th. Desjardins restated a “buy” rating on shares of Wheaton Precious Metals in a research note on Monday, December 11th. Zacks Investment Research upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, December 19th. Finally, Royal Bank of Canada set a $26.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Monday, January 15th. 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 an average price target of $26.00.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Wednesday, March 21st. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Wheaton Precious Metals had a return on equity of 5.53% and a net margin of 6.84%. The company had revenue of $242.50 million during the quarter, compared to analysts’ expectations of $217.84 million. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. sell-side analysts expect that Wheaton Precious Metals Corp will post 0.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, April 6th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.76%. Wheaton Precious Metals’s dividend payout ratio is currently 276.92%.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp, formerly Silver Wheaton Corp, is a Canada-based pure precious metals streaming company engaged in the sale of silver and gold. The Company operates through eight segments: the silver produced by the San Dimas, Penasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines, and corporate operations.
Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp (NYSE:WPM).
Receive News & Ratings for Wheaton Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheaton Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.