Veracity Capital LLC increased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 18.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,760 shares of the company’s stock after buying an additional 5,660 shares during the period. Veracity Capital LLC’s holdings in Wheaton Precious Metals were worth $1,405,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in shares of Wheaton Precious Metals by 8.6% in the fourth quarter. Van ECK Associates Corp now owns 21,579,659 shares of the company’s stock worth $900,735,000 after buying an additional 1,708,205 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Wheaton Precious Metals by 2.4% in the third quarter. Great West Life Assurance Co. Can now owns 2,928,502 shares of the company’s stock worth $143,451,000 after buying an additional 67,941 shares in the last quarter. Ruffer LLP lifted its position in shares of Wheaton Precious Metals by 3.1% in the fourth quarter. Ruffer LLP now owns 2,773,905 shares of the company’s stock worth $115,833,000 after buying an additional 84,570 shares in the last quarter. Norges Bank bought a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $100,649,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Wheaton Precious Metals by 12.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,389,271 shares of the company’s stock worth $99,728,000 after acquiring an additional 268,023 shares during the last quarter. Institutional investors own 59.45% of the company’s stock.
Wheaton Precious Metals stock traded down $1.01 during mid-day trading on Monday, reaching $41.01. 126,075 shares of the company were exchanged, compared to its average volume of 2,869,233. The business has a fifty day moving average of $38.32 and a 200 day moving average of $42.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market cap of $18.43 billion, a P/E ratio of 53.19, a PEG ratio of 8.78 and a beta of 0.55. Wheaton Precious Metals Corp. has a 12-month low of $31.24 and a 12-month high of $57.89.
Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 11th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $286.20 million for the quarter, compared to analysts’ expectations of $296.32 million. Wheaton Precious Metals had a return on equity of 6.50% and a net margin of 37.30%. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 13th. Stockholders of record on Friday, March 26th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, March 25th. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.12. Wheaton Precious Metals’s dividend payout ratio is currently 85.71%.
WPM has been the topic of several analyst reports. Canaccord Genuity reissued a “buy” rating and set a $82.00 price objective on shares of Wheaton Precious Metals in a research note on Thursday, March 18th. Berenberg Bank reissued a “buy” rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 7th. Royal Bank of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Monday, March 8th. JPMorgan Chase & Co. initiated coverage on Wheaton Precious Metals in a research note on Wednesday, March 10th. They set an “overweight” rating and a $56.00 target price on the stock. Finally, TD Securities reaffirmed a “buy” rating and set a $76.00 target price (up previously from $60.00) on shares of Wheaton Precious Metals in a research note on Tuesday, March 16th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $56.58.
Wheaton Precious Metals Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, and palladium ores. It has 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.
Featured Article: Different Options Trading Strategies
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).