TD Asset Management Inc. grew its holdings in shares of Wheaton Precious Metals Corp (NYSE:WPM) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,712,027 shares of the company’s stock after buying an additional 30,300 shares during the period. TD Asset Management Inc. owned approximately 0.38% of Wheaton Precious Metals worth $41,492,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. Koshinski Asset Management Inc. raised its position in shares of Wheaton Precious Metals by 11.5% during the first quarter. Koshinski Asset Management Inc. now owns 13,603 shares of the company’s stock worth $324,000 after purchasing an additional 1,400 shares during the period. Intact Investment Management Inc. raised its position in Wheaton Precious Metals by 37.2% in the 2nd quarter. Intact Investment Management Inc. now owns 817,100 shares of the company’s stock valued at $25,780,000 after buying an additional 221,600 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Wheaton Precious Metals by 15.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,694 shares of the company’s stock valued at $1,088,000 after buying an additional 5,949 shares during the last quarter. Virtu Financial LLC purchased a new stake in Wheaton Precious Metals in the 1st quarter valued at $529,000. Finally, Shell Asset Management Co. increased its position in shares of Wheaton Precious Metals by 1.1% during the 1st quarter. Shell Asset Management Co. now owns 380,484 shares of the company’s stock valued at $9,060,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 55.24% of the company’s stock.
Several brokerages have recently issued reports on WPM. GMP Securities lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Deutsche Bank set a $27.00 target price on Wheaton Precious Metals and gave the company a “buy” rating in a research report on Thursday, July 11th. Credit Suisse Group raised their target price on Wheaton Precious Metals from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Barclays raised Wheaton Precious Metals from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $23.00 to $28.00 in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, ValuEngine lowered Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Wheaton Precious Metals presently has an average rating of “Buy” and an average price target of $31.78.
Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $189.47 million for the quarter, compared to analysts’ expectations of $194.90 million. Wheaton Precious Metals had a positive return on equity of 3.33% and a negative net margin of 3.33%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. Analysts predict that Wheaton Precious Metals Corp will post 0.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 23rd will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.35%. Wheaton Precious Metals’s dividend payout ratio is currently 75.00%.
Wheaton Precious Metals Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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