Mercer Global Advisors Inc. ADV Has $482,000 Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Mercer Global Advisors Inc. ADV grew its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,577 shares of the company’s stock after purchasing an additional 606 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Wheaton Precious Metals were worth $482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in Wheaton Precious Metals by 9.9% during the third quarter. Barclays PLC now owns 315,914 shares of the company’s stock valued at $19,297,000 after purchasing an additional 28,485 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $41,000. Miracle Mile Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $773,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth $39,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $282,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $78.50 on Wednesday. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $87.42. The business’s 50-day moving average is $78.24 and its 200-day moving average is $67.90. The company has a market capitalization of $35.63 billion, a price-to-earnings ratio of 58.58, a P/E/G ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $470.41 million for the quarter, compared to analysts’ expectations of $446.33 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 58.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. Wheaton Precious Metals’s dividend payout ratio is currently 48.53%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an “outperform” rating and a $129.00 target price for the company. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. CIBC increased their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an “outperformer” rating in a research note on Friday, May 9th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Scotiabank upped their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $85.90.

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.