Forsta AP Fonden Raises Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Forsta AP Fonden lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 98,500 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Forsta AP Fonden’s holdings in Wheaton Precious Metals were worth $5,541,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in shares of Wheaton Precious Metals by 7.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,849 shares of the company’s stock worth $2,980,000 after purchasing an additional 4,098 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Wheaton Precious Metals during the second quarter worth about $658,000. Creative Planning grew its position in Wheaton Precious Metals by 8.0% during the second quarter. Creative Planning now owns 41,682 shares of the company’s stock worth $2,185,000 after buying an additional 3,084 shares during the period. NewEdge Advisors LLC increased its holdings in Wheaton Precious Metals by 382.6% in the second quarter. NewEdge Advisors LLC now owns 29,398 shares of the company’s stock valued at $1,541,000 after buying an additional 23,306 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Wheaton Precious Metals by 5.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,207 shares of the company’s stock valued at $1,112,000 after acquiring an additional 1,158 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WPM shares. Raymond James upped their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. UBS Group started coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

Wheaton Precious Metals Stock Performance

WPM stock opened at $62.40 on Friday. The company has a 50 day moving average price of $59.30 and a two-hundred day moving average price of $60.64. The stock has a market capitalization of $28.31 billion, a P/E ratio of 46.57, a PEG ratio of 1.54 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. Research analysts forecast that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 0.99%. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Wheaton Precious Metals Company Profile

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.