Barclays PLC Increases Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Barclays PLC boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 9.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 315,914 shares of the company’s stock after buying an additional 28,485 shares during the quarter. Barclays PLC’s holdings in Wheaton Precious Metals were worth $19,297,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Ridgewood Investments LLC bought a new stake in shares of Wheaton Precious Metals in the 2nd quarter worth $31,000. Abich Financial Wealth Management LLC purchased a new position in Wheaton Precious Metals during the second quarter worth about $31,000. St. Johns Investment Management Company LLC bought a new stake in Wheaton Precious Metals in the 3rd quarter worth about $48,000. Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $47,000. Finally, Dunhill Financial LLC lifted its position in shares of Wheaton Precious Metals by 200.9% during the 3rd quarter. Dunhill Financial LLC now owns 1,050 shares of the company’s stock worth $64,000 after buying an additional 701 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $60.56 on Friday. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The company’s fifty day simple moving average is $62.99 and its two-hundred day simple moving average is $59.79. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 1.77 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $324.57 million. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid 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 yield of 1.02%. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Securities increased their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Raymond James raised their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. UBS Group initiated coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. Finally, National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.67.

Wheaton Precious Metals 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.