Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 29.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 108,690 shares of the company’s stock after acquiring an additional 24,588 shares during the period. Stifel Financial Corp’s holdings in Wheaton Precious Metals were worth $6,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Wheaton Precious Metals by 9.9% in the 3rd quarter. Barclays PLC now owns 315,914 shares of the company’s stock worth $19,297,000 after buying an additional 28,485 shares during the last quarter. Virtu Financial LLC purchased a new position in Wheaton Precious Metals in the 3rd quarter valued at $284,000. Te Ahumairangi Investment Management Ltd grew its holdings in shares of Wheaton Precious Metals by 1.0% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 67,392 shares of the company’s stock worth $4,097,000 after buying an additional 668 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wheaton Precious Metals in the third quarter valued at about $1,832,000. Finally, Tidal Investments LLC boosted its position in Wheaton Precious Metals by 1.1% during the third quarter. Tidal Investments LLC now owns 791,938 shares of the company’s stock worth $48,372,000 after acquiring an additional 8,399 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $81.82 on Wednesday. The company has a market cap of $37.12 billion, a P/E ratio of 61.06, a P/E/G ratio of 1.91 and a beta of 0.74. The stock has a 50-day moving average of $75.57 and a two-hundred day moving average of $66.70. Wheaton Precious Metals Corp. has a 1-year low of $51.80 and a 1-year high of $87.42.

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

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Tuesday, April 1st. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 56.90%.

Wall Street Analyst Weigh In

Several research firms recently commented on WPM. UBS Group increased their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a report on Friday, April 11th. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 14th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They set an “outperform” rating and a $129.00 price target for the company. Royal Bank of Canada upped their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, April 4th. Finally, National Bankshares restated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and an average price target of $83.40.

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.