NEOS Investment Management LLC Buys 303 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

NEOS Investment Management LLC lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,363 shares of the company’s stock after purchasing an additional 303 shares during the period. NEOS Investment Management LLC’s holdings in Wheaton Precious Metals were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WPM. Oppenheimer & Co. Inc. lifted its stake in Wheaton Precious Metals by 32.7% in the third quarter. Oppenheimer & Co. Inc. now owns 13,664 shares of the company’s stock worth $554,000 after acquiring an additional 3,368 shares during the period. Spire Wealth Management lifted its stake in Wheaton Precious Metals by 1,108.7% in the third quarter. Spire Wealth Management now owns 4,424 shares of the company’s stock worth $179,000 after acquiring an additional 4,058 shares during the period. Janney Montgomery Scott LLC lifted its stake in Wheaton Precious Metals by 1.5% in the third quarter. Janney Montgomery Scott LLC now owns 34,753 shares of the company’s stock worth $1,409,000 after acquiring an additional 520 shares during the period. D.A. Davidson & CO. lifted its position in shares of Wheaton Precious Metals by 457.5% during the third quarter. D.A. Davidson & CO. now owns 31,404 shares of the company’s stock valued at $1,273,000 after buying an additional 25,771 shares during the last quarter. Finally, Pathstone Family Office LLC purchased a new stake in shares of Wheaton Precious Metals during the third quarter valued at about $240,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on WPM shares. Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $54.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and increased their price target for the company from $51.00 to $53.00 in a research report on Monday, March 18th. Scotiabank increased their price target on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Jefferies Financial Group increased their price target on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, CIBC increased their price target on shares of Wheaton Precious Metals from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and a consensus price target of $61.33.

Check Out Our Latest Research Report on Wheaton Precious Metals

Wheaton Precious Metals Trading Up 1.6 %

Shares of NYSE:WPM opened at $53.66 on Thursday. Wheaton Precious Metals Corp. has a twelve month low of $38.37 and a twelve month high of $57.87. The company’s 50 day moving average is $53.20 and its 200 day moving average is $48.73. The company has a market cap of $24.33 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.78.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $278.95 million. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The business’s revenue was up 38.7% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.28 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.16%. Wheaton Precious Metals’s payout ratio is 47.69%.

About Wheaton Precious Metals

(Free Report)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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