Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by CenterBook Partners LP

CenterBook Partners LP lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 118.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,411 shares of the company’s stock after buying an additional 9,434 shares during the period. CenterBook Partners LP’s holdings in Wheaton Precious Metals were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the fourth quarter worth $29,000. Promus Capital LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $38,000. Laurel Wealth Advisors LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WPM. Scotiabank upped their price target on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Monday, March 17th. UBS Group upped their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Friday. Raymond James boosted their price target on Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Royal Bank of Canada increased their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, April 4th. Finally, Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $75.60.

Wheaton Precious Metals Trading Up 5.4 %

NYSE WPM opened at $82.08 on Friday. The business’s 50-day moving average price is $71.92 and its 200 day moving average price is $64.86. Wheaton Precious Metals Corp. has a twelve month low of $49.71 and a twelve month high of $82.99. The company has a market capitalization of $37.24 billion, a PE ratio of 61.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74.

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

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s dividend payout ratio (DPR) is 56.90%.

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.