Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 5.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,271 shares of the company’s stock after acquiring an additional 1,058 shares during the period. Cerity Partners LLC’s holdings in Wheaton Precious Metals were worth $1,574,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in WPM. Norges Bank acquired a new stake in Wheaton Precious Metals during the 4th quarter worth $472,648,000. Capital International Investors acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $263,810,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $72,657,000. Mackenzie Financial Corp increased its holdings in shares of Wheaton Precious Metals by 54.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company’s stock valued at $181,227,000 after purchasing an additional 1,135,699 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Wheaton Precious Metals by 1,321.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company’s stock valued at $68,720,000 after acquiring an additional 1,135,603 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $91.34 on Tuesday. The stock has a market cap of $41.46 billion, a price-to-earnings ratio of 67.16, a PEG ratio of 2.53 and a beta of 0.46. The business has a 50 day simple moving average of $87.93 and a 200 day simple moving average of $77.03. Wheaton Precious Metals Corp. has a 52 week low of $53.05 and a 52 week high of $95.23.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $470.41 million during the quarter, compared to analysts’ expectations of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The firm’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.72%. Wheaton Precious Metals’s dividend payout ratio is 48.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WPM shares. CIBC reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 target price on the stock. Royal Bank Of Canada raised their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. National Bankshares reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Finally, Raymond James Financial lifted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $93.00.

View Our Latest Analysis on WPM

Wheaton Precious Metals Profile

(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.

See Also

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

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