Gratus Capital LLC boosted its holdings in Wheaton Precious Metals Co. (NYSE:WPM) by 19.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,990 shares of the company’s stock after purchasing an additional 6,600 shares during the quarter. Gratus Capital LLC’s holdings in Wheaton Precious Metals were worth $815,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of WPM. Greenleaf Trust bought a new stake in Wheaton Precious Metals in the fourth quarter worth approximately $211,000. Timber Hill LLC bought a new stake in Wheaton Precious Metals in the first quarter worth approximately $211,000. Gamble Jones Investment Counsel acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $221,000. First Allied Advisory Services Inc. acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $242,000. Finally, SNS Financial Group LLC acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $254,000. Institutional investors and hedge funds own 52.71% of the company’s stock.
WPM has been the subject of a number of research reports. Zacks Investment Research cut Wheaton Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. ValuEngine raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. TD Securities raised their price objective on Wheaton Precious Metals from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 15th. Finally, TheStreet cut Wheaton Precious Metals from a “b-” rating to a “c” rating in a research note on Thursday, March 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.33.
Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $209.38 million. Wheaton Precious Metals had a return on equity of 5.75% and a net margin of 7.65%. The business’s revenue was up .7% on a year-over-year basis. research analysts predict that Wheaton Precious Metals Co. will post 0.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Friday, May 25th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.64%. Wheaton Precious Metals’s payout ratio is 57.14%.
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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