Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Decreased by Swiss National Bank

Swiss National Bank decreased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,472,800 shares of the company’s stock after selling 44,100 shares during the period. Swiss National Bank owned about 0.33% of Wheaton Precious Metals worth $72,794,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Wheaton Precious Metals by 6.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 87,860 shares of the company’s stock worth $3,563,000 after buying an additional 5,181 shares during the last quarter. Raymond James & Associates boosted its holdings in Wheaton Precious Metals by 3.7% in the third quarter. Raymond James & Associates now owns 496,550 shares of the company’s stock worth $20,135,000 after purchasing an additional 17,745 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Wheaton Precious Metals by 106.4% during the third quarter. Stratos Wealth Partners LTD. now owns 15,505 shares of the company’s stock worth $629,000 after purchasing an additional 7,992 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Wheaton Precious Metals by 18.3% during the third quarter. Mackenzie Financial Corp now owns 3,411,151 shares of the company’s stock worth $133,849,000 after purchasing an additional 527,358 shares during the period. Finally, Value Partners Investments Inc. raised its holdings in shares of Wheaton Precious Metals by 15.7% during the third quarter. Value Partners Investments Inc. now owns 11,731 shares of the company’s stock worth $478,000 after purchasing an additional 1,589 shares during the period. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WPM. BMO Capital Markets dropped their price objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Jefferies Financial Group upped their target price on Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Berenberg Bank raised their price target on Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their price objective for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Finally, Raymond James cut their target price on Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $59.32.

Wheaton Precious Metals Stock Down 0.6 %

Shares of WPM opened at $52.69 on Monday. The firm has a market capitalization of $23.88 billion, a PE ratio of 44.28, a P/E/G ratio of 7.13 and a beta of 0.75. The firm has a 50-day moving average price of $47.84 and a 200 day moving average price of $46.87. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $54.45.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. The business had revenue of $313.47 million during the quarter, compared to analysts’ expectations of $284.29 million. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.26 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Tuesday, April 2nd. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s payout ratio is currently 52.10%.

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.