Capital Research & Management Co has recently announced that it has increased stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.32%. After grabbing 32.0 million shares, the institutional investor is now in possession of 1.03 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 7.07% having worth around $1.58 billion. Moreover, First Eagle Investment Management increased its share by 66764.0 to have a control over 20.3 million shares. And Fidelity Management & Research Co raised its holdings to 5.18 million shares by acquiring 18.05 million shares or 3.99% of the stake.
Wheaton Precious Metals Corp. (WPM) concluded trading on 05/24/23 at a closing price of $44.95, with 1.97 million shares of worth about $88.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.68% during that period and on Wednesday the price saw a loss of about -2.56%. Currently the company’s common shares owned by public are about 452.37M shares, out of which, 450.01M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the WPM stock and their offered price forecasts bring an average price target of $54.74. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $62.00 and could fall to a lowest price of $43.00. The stock’s current price level is 21.43% above of average price target set by the analysts, while a rise to estimated low would result in loss of -4.53% for the stock. However, touching the estimated high of $62.00 would mean a gain of 27.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 127 times over the past 12 months. They bought 763,091 shares in 71 of the transactions. In 56 selling transactions, insiders dumped 701,293 shares.
VanEck Gold Miners ETF, American Balanced Fund, and American Funds Fundamental Invest are the top 3 mutual funds which are holding stakes in Wheaton Precious Metals Corp. VanEck Gold Miners ETF is currently holding 16.17 million shares of worth totaling $798.47 million. The company recently came buying 21648.0 shares which brought its stake up to 3.57% of the company’s outstanding shares. American Funds Fundamental Invest, after buying 11.5 million shares, have now control over 2.54% of the stake in the company. It holds 1.11 million shares of worth $567.77 million.
Wheaton Precious Metals Corp. (NYSE: WPM) started trading at $46.24, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 46.24, or with a loss of -2.56%. Stock saw a price change of -8.73% in past 5 days and over the past one month there was a price change of -9.28%. Year-to-date (YTD), WPM shares are showing a performance of 15.02% which increased to 7.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.62 but also hit the highest price of $52.76 during that period. The average intraday trading volume for Wheaton Precious Metals Corp. shares is 2.37 million. The stock is currently trading -9.90% below its 20-day simple moving average (SMA20), while that difference is down -7.95% for SMA50 and it goes to 11.86% higher than SMA200.
Capital Research & Management Co acquired 32.0 million shares of Wheaton Precious Metals Corp. having value of about $1.58 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 1.03 million shares in the company valued at close to $46203026.2, or have control over 3.32% stake in the company. Wheaton Precious Metals Corp. (NYSE: WPM) currently have 452.37M outstanding shares and institutions hold larger chunk of about 64.10% of that. Holding of mutual funds in the company is about 13.99% while other institutional holders and individual stake holders have control over 53.81% and — of the stake respectively.
The stock has a current market capitalization of $20.26B and its 3Y-monthly beta is at 0.58. PE ratio of stock for trailing 12 months is 32.64, while it has posted earnings per share of $1.38 in the same period. Its PEG reads 6.53 and has Quick Ratio of 9.50 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WPM, volatility over the week remained 2.54% while standing at 2.68% over the month.
Analysts are in expectations that Wheaton Precious Metals Corp. (WPM) stock would likely to be making an EPS of $0.3 in the current quarter, while forecast for next quarter EPS is $0.34 and it is $1.41 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.27 which is $0.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.33 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -11.60% while it is estimated to increase by 14.82% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 62.50% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the Wheaton Precious Metals Corp. (WPM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 18 Wall Street analysts, 12 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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