Robinson Value Management Ltd. lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 34.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,070 shares of the company’s stock after selling 13,446 shares during the quarter. Wheaton Precious Metals comprises about 1.8% of Robinson Value Management Ltd.’s holdings, making the stock its 18th biggest holding. Robinson Value Management Ltd.’s holdings in Wheaton Precious Metals were worth $3,284,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in WPM. Vanguard Group Inc. grew its holdings in shares of Wheaton Precious Metals by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock valued at $2,242,969,000 after purchasing an additional 289,939 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Wheaton Precious Metals by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock worth $1,700,517,000 after buying an additional 1,402,092 shares in the last quarter. Capital International Investors boosted its position in Wheaton Precious Metals by 1.2% in the 4th quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock valued at $892,650,000 after buying an additional 93,599 shares during the period. Norges Bank purchased a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $864,977,000. Finally, TD Asset Management Inc grew its stake in shares of Wheaton Precious Metals by 0.5% in the fourth quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after acquiring an additional 33,221 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.
Wheaton Precious Metals Stock Up 0.1%
Shares of Wheaton Precious Metals stock opened at $108.59 on Thursday. Wheaton Precious Metals Corp. has a 52 week low of $87.96 and a 52 week high of $165.76. The firm’s 50 day moving average is $121.78 and its two-hundred day moving average is $132.28. The firm has a market capitalization of $49.32 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.93 and a beta of 0.55.
Wheaton Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is currently 19.70%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective on the stock. Royal Bank Of Canada decreased their target price on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. UBS Group lowered their target price on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Scotiabank reduced their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $161.09.
Check Out Our Latest Stock Analysis 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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