DekaBank Deutsche Girozentrale Has $76.11 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

DekaBank Deutsche Girozentrale lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,650,133 shares of the company’s stock after selling 59,243 shares during the period. DekaBank Deutsche Girozentrale owned 0.36% of Wheaton Precious Metals worth $76,112,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WPM. Cetera Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at approximately $400,000. Cetera Investment Advisers raised its holdings in Wheaton Precious Metals by 80.1% in the first quarter. Cetera Investment Advisers now owns 37,250 shares of the company’s stock worth $1,756,000 after purchasing an additional 16,570 shares during the period. Western Pacific Wealth Management LP boosted its position in shares of Wheaton Precious Metals by 19.6% during the first quarter. Western Pacific Wealth Management LP now owns 1,331 shares of the company’s stock worth $63,000 after purchasing an additional 218 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Wheaton Precious Metals by 2,565.0% in the 1st quarter. Tidal Investments LLC now owns 722,829 shares of the company’s stock valued at $34,049,000 after buying an additional 695,706 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Wheaton Precious Metals by 5.8% in the 1st quarter. Janus Henderson Group PLC now owns 91,036 shares of the company’s stock valued at $4,292,000 after buying an additional 5,009 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WPM shares. Berenberg Bank raised their price target on Wheaton Precious Metals from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Bank of America lifted their price target on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. BMO Capital Markets increased their price objective on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. CIBC boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group increased their target price on Wheaton Precious Metals from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Wheaton Precious Metals Trading Down 1.4 %

Shares of NYSE WPM traded down $0.80 during mid-day trading on Friday, hitting $57.67. The company had a trading volume of 1,920,192 shares, compared to its average volume of 1,393,651. The firm has a 50-day simple moving average of $56.02 and a two-hundred day simple moving average of $51.02. The company has a market capitalization of $26.16 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 2.18 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $38.37 and a one year high of $63.06.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $296.80 million during the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The business’s revenue was up 38.7% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.38 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is currently 47.69%.

About Wheaton Precious Metals

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.