QS Investors LLC cut its position in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,535 shares of the company’s stock after selling 2,859 shares during the quarter. QS Investors LLC’s holdings in Wheaton Precious Metals were worth $233,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of WPM. Amundi Pioneer Asset Management Inc. bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth about $28,867,000. CIBC Asset Management Inc grew its stake in Wheaton Precious Metals by 213.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,266,728 shares of the company’s stock valued at $28,123,000 after purchasing an additional 862,230 shares in the last quarter. Kopernik Global Investors LLC grew its stake in Wheaton Precious Metals by 28.7% in the fourth quarter. Kopernik Global Investors LLC now owns 2,982,364 shares of the company’s stock valued at $66,001,000 after purchasing an additional 664,947 shares in the last quarter. Bank of Montreal Can grew its stake in Wheaton Precious Metals by 9.5% in the fourth quarter. Bank of Montreal Can now owns 7,329,637 shares of the company’s stock valued at $162,205,000 after purchasing an additional 638,761 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Wheaton Precious Metals by 35.5% in the fourth quarter. BlackRock Inc. now owns 2,114,733 shares of the company’s stock valued at $46,799,000 after purchasing an additional 554,068 shares in the last quarter. Institutional investors and hedge funds own 52.33% of the company’s stock.
WPM has been the subject of a number of analyst reports. Zacks Investment Research downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Desjardins restated a “buy” rating on shares of Wheaton Precious Metals in a research note on Monday, December 11th. Finally, Royal Bank of Canada set a $26.00 price target on Wheaton Precious Metals and gave the company a “buy” rating in a research note on Monday, January 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.00.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Wednesday, March 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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. Wheaton Precious Metals’s revenue was down 6.2% on a year-over-year basis. equities research analysts predict that Wheaton Precious Metals Corp will post 0.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders 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 payout ratio is 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.
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