The most recent Form 13F filing that Allspring Global Investments Holdings LLC made with the Securities and Exchange Commission revealed that during the third quarter of 2018, the company’s holdings in Wheaton Precious Metals Corp. (NYSE: WPM) were reduced by 17.4%. (SEC). The fund had 380,000 shares before selling 80,000 shares of the company’s stock throughout the period. After the most recent financial quarter, Allspring Global Investments Holdings LLC held 0.08% of Wheaton Precious Metals, equivalent to a total investment capital of $12,296,000.
Several other institutional investors have recently made various modifications to the total amount of WPM they are currently holding. BlackRock Inc. increased the proportion of Wheaton precious metals it held in its portfolio by 245.5% during the year’s first quarter. BlackRock Inc. now has 2,530,486 shares of the company’s stock, valued at a combined total of $120,401.00, after purchasing an additional 1,798,086 shares during the quarter. This brings the total number of shares owned by the company to 2,530,486. During the third quarter, AMF Tjanstepension AB achieved a 154.3% increase in the number of Wheaton Precious Metals shares in its portfolio. AMF Tjanstepension AB is now the owner of 1,852,212 shares following the acquisition of an additional 1,123,931 shares during the most recent period. The value of the company’s stock is currently estimated to be $60,319,000. During the first three months of 2018, Renaissance Technologies LLC saw a 41.7% increase in its ownership stake in Wheaton Precious Metals. Renaissance Technologies LLC now owns a total of 2,787,718 shares following the acquisition of an additional 821,061 in the most recent period. The total value of Renaissance Technologies LLC’s holdings in the company is equal to $132,641,000. Through the first three months of 2018, Capital World Investors increased the proportion of Wheaton Precious Metals stock that it owned by 4.0 percentage points. Capital World Investors now holds 20,592,926 shares of the company’s stock following the acquisition of an additional 783,194 shares during the most recent period. The value of Capital World Investors’ complete holdings in the company’s stock is currently $979,811,000. During the first three months of 2018, Neuberger Berman Group LLC increased the number of shares of Wheaton Precious Metals owned by 665.2 percent. After making additional purchases of 772,118 shares during the period, Neuberger Berman Group LLC now has a total of 888,189 shares of the company’s stock, which are currently valued at $42,306,000. These shares were acquired due to Neuberger Berman Group LLC’s participation in the company’s stock repurchase program. 57.01% of the company’s stock is currently held in institutional ownership by hedge funds and other investors.
Recently, several industry professionals with extensive knowledge of stocks and shares were allowed to share their perspectives on the WPM stock. National Bank Financial lowered their price target for Wheaton precious metals in a research report published on Thursday, October 13th. The new price target is $60.00, down from 68.00 Canadian dollars. Barclays lowered their price target for Wheaton Precious Metals from $41.00 to $40.00 in a research report made available to the general public on Monday, October 17th. In addition, the stock of the company was given a rating of “equal weight” by the brokerage firm. In a research note released on Wednesday, October 19th, Stifel Nicolaus announced they would lower their target price for Wheaton precious metals from C$66.50 to C$64.00. This change was made in response to recent market conditions. In a research note distributed on November 8th, TD Securities lowered both their target price for Wheaton Precious Metals and their “buy” rating for the company. The price goal has been lowered from $47.00 to $45.00. Wheaton Precious Metals was rated “b-” by TheStreet in a research report released on November 22nd. Before this, the company had received a “C-.” Four market watchers have given the stock a recommendation to buy, whereas only two analysts have given the stock a rating of “hold.” According to Bloomberg.com, the company is currently rated as a “Moderate Buy,” and the consensus price target for the stock is $52.43. In addition, the price target for the stock was recently updated.
On Friday, a share of NYSE WPM stock began trading at $44.05 at the opening bell. The company’s market capitalization is currently sitting at $19.91 billion. It has a price-to-earnings ratio of 25.03, a price-to-growth ratio of 7.32, and a beta value of 0.50. The company’s simple moving average over the past fifty days is $39.14, and the simple moving average over the past 200 days is $35.12. In the past year, the price of Wheaton Precious Metals Corp. has fluctuated between a low of $28.62 and a high of $51.90, with a low of $28.62 and a high of $51.90, respectively.
On November 3rd, the most recent quarterly earnings report for Wheaton Precious Metals (NYSE: WPM) was made public for the investing community to see. The company reported earnings per share of $0.21 for the quarter, which fell short of the expectations of $0.23 held by market analysts by a $0.05. For the quarter, the company reported earnings per share of $0.21, which fell short of market analysts’ expectations of $0.23. The revenue for the quarter came in at $218.84 million, which is a number that is significantly lower than the average prediction of $237.90 million that was made. The return on equity for Wheaton Precious Metals was 8.35%, and their net margin was 71.79%. Sell-side analysts anticipate that Wheaton Precious Metals Corporation will generate $1.13 in earnings per share for the current fiscal year. Wheaton Precious Metals Corporation provided these estimates.
Additionally, on December 1st, the company informed its shareholders that it would be distributing a quarterly dividend and did so. On Monday, November 21st, dividend payments of $0.15 per share were already recorded to shareholders in the company’s books. This past Friday, November 18th, was the deadline for customers to submit their payment to receive the dividend. This results in a dividend yield of 1.36 percent and an annual dividend payment of 0.60 dollars. At present, Wheaton Precious Metals has a dividend payout ratio of 34.09%, which is also commonly referred to as the DPR.
The Wheaton Precious Metals Corp. is a streaming company that distributes precious metals in Canada and the rest of the world. Deposits of cobalt, palladium, gold, and silver are all up for sale through the company. You can choose which one you’d like to acquire. It currently has investments in a total of 13 development projects in addition to the 23 mines that are currently operating. Throughout its history, this organization was commonly referred to by Silver Wheaton Corp.
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