Cambridge Investment Research Advisors Inc. boosted its holdings in Wheaton Precious Metals Corp (NYSE:WPM) by 35.0% in the 2nd quarter, Holdings Channel reports. The firm owned 80,301 shares of the company’s stock after purchasing an additional 20,804 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Wheaton Precious Metals were worth $3,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. First Trust Advisors LP purchased a new stake in shares of Wheaton Precious Metals in the first quarter valued at about $809,000. Quadrant Capital Group LLC grew its holdings in shares of Wheaton Precious Metals by 14.2% during the fourth quarter. Quadrant Capital Group LLC now owns 8,805 shares of the company’s stock worth $256,000 after buying an additional 1,098 shares during the last quarter. Guggenheim Capital LLC increased its position in Wheaton Precious Metals by 25.8% in the 4th quarter. Guggenheim Capital LLC now owns 219,574 shares of the company’s stock valued at $6,533,000 after acquiring an additional 45,096 shares during the period. Janus Henderson Group PLC raised its stake in Wheaton Precious Metals by 4.6% during the 4th quarter. Janus Henderson Group PLC now owns 684,411 shares of the company’s stock valued at $20,396,000 after acquiring an additional 29,900 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Wheaton Precious Metals by 15.2% during the 4th quarter. Geode Capital Management LLC now owns 653,443 shares of the company’s stock worth $19,588,000 after acquiring an additional 86,271 shares during the period. Hedge funds and other institutional investors own 58.04% of the company’s stock.
WPM opened at $54.33 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 201.22, a PEG ratio of 11.45 and a beta of 0.49. Wheaton Precious Metals Corp has a one year low of $18.66 and a one year high of $57.23. The business’s fifty day moving average is $45.44 and its two-hundred day moving average is $36.47.
Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Wheaton Precious Metals had a return on equity of 5.59% and a net margin of 13.88%. The business had revenue of $254.79 million during the quarter, compared to the consensus estimate of $250.67 million. On average, analysts predict that Wheaton Precious Metals Corp will post 0.96 EPS for the current fiscal year.
A number of research firms have recently issued reports on WPM. Royal Bank of Canada lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $31.00 to $35.00 in a report on Friday, May 15th. Credit Suisse Group boosted their price objective on shares of Wheaton Precious Metals from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Zacks Investment Research cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research note on Thursday, July 23rd. Standpoint Research cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Raymond James boosted their target price on Wheaton Precious Metals from $45.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.70.
About Wheaton Precious Metals
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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