Hillsdale Investment Management Inc. Has $8.28 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Hillsdale Investment Management Inc. boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,200 shares of the company’s stock after purchasing an additional 6,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Wheaton Precious Metals were worth $8,276,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Fielder Capital Group LLC grew its position in Wheaton Precious Metals by 0.7% in the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock valued at $1,389,000 after purchasing an additional 176 shares during the period. Signaturefd LLC boosted its holdings in Wheaton Precious Metals by 1.5% during the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company’s stock worth $668,000 after acquiring an additional 178 shares during the last quarter. Merit Financial Group LLC boosted its holdings in Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock worth $271,000 after acquiring an additional 179 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after acquiring an additional 187 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock worth $1,208,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank lifted their price objective on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a report on Monday, March 17th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $72.44.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $75.02 on Friday. The stock has a market capitalization of $34.03 billion, a price-to-earnings ratio of 55.98, a PEG ratio of 1.91 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $44.57 and a one year high of $77.44. The business’s fifty day moving average is $66.57 and its 200-day moving average is $63.17.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.165 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is currently 49.25%.

Wheaton Precious Metals Company 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.