Several other research firms have also issued reports on WPM. Bank of America upped their target price on shares of Wheaton Precious Metals from $33.50 to $35.00 and gave the stock a buy rating in a research note on Thursday, September 26th. Canaccord Genuity reiterated a buy rating on shares of Wheaton Precious Metals in a research note on Friday, August 23rd. Zacks Investment Research upgraded shares of Wheaton Precious Metals from a sell rating to a hold rating in a research note on Friday, July 5th. Raymond James reiterated an outperform rating and issued a $29.00 target price on shares of Wheaton Precious Metals in a research note on Monday, August 12th. Finally, GMP Securities lowered shares of Wheaton Precious Metals from a buy rating to a hold rating in a research note on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $32.10.
Shares of NYSE WPM traded up $0.43 during trading on Wednesday, hitting $26.98. The stock had a trading volume of 1,137,741 shares, compared to its average volume of 2,507,238. Wheaton Precious Metals has a 12 month low of $15.08 and a 12 month high of $30.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.65 and a quick ratio of 3.65. The company has a market capitalization of $11.90 billion, a PE ratio of 56.21, a PEG ratio of 9.75 and a beta of -0.12. The firm has a fifty day moving average of $27.86 and a two-hundred day moving average of $24.55.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 23rd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.36 annualized dividend and a yield of 1.33%. Wheaton Precious Metals’s payout ratio is currently 75.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of WPM. FIL Ltd grew its position in Wheaton Precious Metals by 67.0% during the first quarter. FIL Ltd now owns 7,726,743 shares of the company’s stock valued at $183,924,000 after buying an additional 3,100,285 shares during the period. Invesco Ltd. grew its position in Wheaton Precious Metals by 123.9% during the second quarter. Invesco Ltd. now owns 5,137,109 shares of the company’s stock valued at $124,216,000 after buying an additional 2,842,321 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Wheaton Precious Metals by 50.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,211,766 shares of the company’s stock valued at $53,604,000 after buying an additional 737,925 shares during the period. MUFG Securities EMEA plc bought a new position in Wheaton Precious Metals during the second quarter valued at about $12,090,000. Finally, Vanguard Group Inc. grew its position in Wheaton Precious Metals by 2.8% during the second quarter. Vanguard Group Inc. now owns 13,210,823 shares of the company’s stock valued at $319,438,000 after buying an additional 359,679 shares during the period. Institutional investors own 53.48% of the company’s stock.
Wheaton Precious Metals Company Profile
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells silver and gold ores. It has agreements for 19 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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