Natixis lifted its holdings in Wheaton Precious Metals Corp (NYSE:WPM) by 115.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,495 shares of the company’s stock after purchasing an additional 25,997 shares during the period. Natixis’ holdings in Wheaton Precious Metals were worth $1,087,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in WPM. Aperio Group LLC raised its holdings in Wheaton Precious Metals by 19.8% in the 1st quarter. Aperio Group LLC now owns 308,424 shares of the company’s stock worth $6,283,000 after acquiring an additional 50,991 shares during the period. Gabelli Funds LLC raised its holdings in Wheaton Precious Metals by 4.1% in the 1st quarter. Gabelli Funds LLC now owns 911,000 shares of the company’s stock worth $18,557,000 after acquiring an additional 35,500 shares during the period. Gratus Capital LLC raised its holdings in Wheaton Precious Metals by 19.8% in the 1st quarter. Gratus Capital LLC now owns 39,990 shares of the company’s stock worth $815,000 after acquiring an additional 6,600 shares during the period. Toronto Dominion Bank increased its holdings in shares of Wheaton Precious Metals by 7.9% during the 1st quarter. Toronto Dominion Bank now owns 2,023,788 shares of the company’s stock worth $41,181,000 after purchasing an additional 147,806 shares during the period. Finally, First Republic Investment Management Inc. increased its holdings in shares of Wheaton Precious Metals by 7.8% during the 1st quarter. First Republic Investment Management Inc. now owns 63,413 shares of the company’s stock worth $1,291,000 after purchasing an additional 4,562 shares during the period. 52.18% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on WPM shares. Deutsche Bank set a $25.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Royal Bank of Canada set a $26.00 price objective on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Monday, July 23rd. ValuEngine upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a “sell” rating to a “hold” rating in a research report on Friday, July 27th. Finally, Raymond James lifted their target price on shares of Wheaton Precious Metals from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.60.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Tuesday, August 14th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The firm had revenue of $212.40 million for the quarter, compared to analyst estimates of $203.92 million. Wheaton Precious Metals had a net margin of 36.76% and a return on equity of 5.80%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. On average, research analysts expect that Wheaton Precious Metals Corp will post 0.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Wednesday, August 29th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, August 28th. This represents a $0.36 dividend on an annualized basis and a yield of 2.07%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 57.14%.
About Wheaton Precious Metals
Wheaton Precious Metals Corp. operates as a silver and gold streaming company in Canada and internationally. It has streaming agreements for 20 operating mines and 9 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp.
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