Generali Asset Management SPA SGR Has $40.40 Million Position in Wheaton Precious Metals Corp. $WPM

Generali Asset Management SPA SGR lowered its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 318,297 shares of the company’s stock after selling 8,371 shares during the period. Wheaton Precious Metals comprises about 0.8% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 22nd biggest holding. Generali Asset Management SPA SGR’s holdings in Wheaton Precious Metals were worth $40,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at $26,000. Assetmark Inc. boosted its stake in shares of Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after buying an additional 130 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $32,000. Finally, Triumph Capital Management acquired a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Scotiabank raised their price target on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the company a “sector outperform” rating in a report on Monday, March 16th. TD Securities raised their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.45.

Get Our Latest Research Report on WPM

Wheaton Precious Metals Trading Down 2.5%

Wheaton Precious Metals stock opened at $131.21 on Friday. The company has a market capitalization of $59.58 billion, a P/E ratio of 40.50, a P/E/G ratio of 2.59 and a beta of 0.50. The firm’s fifty day simple moving average is $138.97 and its 200-day simple moving average is $126.88. Wheaton Precious Metals Corp. has a 1-year low of $75.42 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.17%. The firm’s revenue was up 91.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 4.88 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were issued a $0.195 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, March 31st. This represents a $0.78 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is 24.07%.

Wheaton Precious Metals News Summary

Here are the key news stories impacting Wheaton Precious Metals this week:

About Wheaton Precious Metals

(Free Report)

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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