Keybank National Association OH Lowers Stock Holdings in Wheaton Precious Metals Corp. $WPM

Keybank National Association OH trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,572 shares of the company’s stock after selling 22,288 shares during the period. Keybank National Association OH’s holdings in Wheaton Precious Metals were worth $26,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Wheaton Precious Metals by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock valued at $1,396,556,000 after buying an additional 324,340 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock valued at $582,876,000 after acquiring an additional 355,533 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Wheaton Precious Metals by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after acquiring an additional 470,651 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Wheaton Precious Metals by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock valued at $237,552,000 after purchasing an additional 144,782 shares in the last quarter. Finally, Amundi boosted its holdings in Wheaton Precious Metals by 33.2% in the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after purchasing an additional 683,674 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WPM. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a research note on Thursday, October 23rd. Raymond James Financial boosted their target price on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Wednesday, October 8th. Finally, CIBC boosted their price objective on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Wheaton Precious Metals Stock Performance

WPM opened at $97.99 on Friday. The business’s fifty day moving average is $104.06 and its two-hundred day moving average is $94.00. The company has a market cap of $44.49 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.67 and a beta of 0.41. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.Wheaton Precious Metals’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

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.