Profund Advisors LLC cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 16.7% in the 4th quarter, HoldingsChannel reports. The firm owned 46,638 shares of the company’s stock after selling 9,364 shares during the period. Profund Advisors LLC’s holdings in Wheaton Precious Metals were worth $5,481,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in Wheaton Precious Metals during the third quarter valued at approximately $26,000. Assetmark Inc. lifted its position in Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the last quarter. Root Financial Partners LLC bought a new stake in Wheaton Precious Metals during the third quarter valued at approximately $29,000. Navalign LLC bought a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $30,000. Finally, Eagle Bay Advisors LLC bought a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $32,000. 70.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on WPM shares. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. TD Securities lifted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, Scotiabank lifted their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.
Wheaton Precious Metals Stock Performance
Shares of Wheaton Precious Metals stock opened at $129.39 on Tuesday. Wheaton Precious Metals Corp. has a 52-week low of $79.00 and a 52-week high of $165.76. The stock has a market capitalization of $58.75 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.52 and a beta of 0.50. The company has a fifty day moving average of $136.30 and a 200-day moving average of $128.87.
Wheaton Precious Metals (NYSE:WPM – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s revenue was up 91.7% on a year-over-year basis. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 4.87 earnings per share for the current fiscal year.
Wheaton Precious Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is 19.70%.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.
The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.
See Also
- Five stocks we like better than Wheaton Precious Metals
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
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 – Free Report).
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.
