Themes Management Co LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,042 shares of the company’s stock, valued at approximately $475,000.
A number of other institutional investors and hedge funds have also made changes to their positions in WPM. Assetmark Inc. increased its holdings in shares of Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after acquiring an additional 130 shares during the period. Root Financial Partners LLC purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at $29,000. Navalign LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $30,000. Eagle Bay Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $32,000. Finally, Triumph Capital Management purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter valued at $33,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.
Wheaton Precious Metals Price Performance
Shares of WPM stock opened at $126.39 on Tuesday. Wheaton Precious Metals Corp. has a 1-year low of $84.46 and a 1-year high of $165.76. The stock’s fifty day moving average price is $134.11 and its 200 day moving average price is $129.93. The company has a market cap of $57.39 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50.
Wheaton Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is currently 19.70%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on WPM shares. Zacks Research downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Scotiabank boosted their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, February 4th. UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.64.
Get Our Latest Report on Wheaton Precious Metals
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.
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