Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,429,662 shares of the company’s stock after buying an additional 388,371 shares during the period. National Bank of Canada FI owned about 0.76% of Wheaton Precious Metals worth $166,102,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Parsons Capital Management Inc. RI boosted its position in Wheaton Precious Metals by 0.4% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 57,361 shares of the company’s stock valued at $2,326,000 after purchasing an additional 250 shares during the period. Transatlantique Private Wealth LLC grew its position in shares of Wheaton Precious Metals by 3.6% during the third quarter. Transatlantique Private Wealth LLC now owns 7,808 shares of the company’s stock worth $317,000 after acquiring an additional 270 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Wheaton Precious Metals by 30.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock worth $57,000 after acquiring an additional 273 shares during the period. Pekin Hardy Strauss Inc. boosted its stake in Wheaton Precious Metals by 2.1% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 14,691 shares of the company’s stock valued at $596,000 after purchasing an additional 302 shares during the period. Finally, Syon Capital LLC grew its position in Wheaton Precious Metals by 4.9% in the 4th quarter. Syon Capital LLC now owns 6,575 shares of the company’s stock worth $324,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM stock traded down $0.34 on Friday, reaching $52.69. 1,788,139 shares of the company were exchanged, compared to its average volume of 2,210,873. The firm has a market capitalization of $23.88 billion, a PE ratio of 44.28, a PEG ratio of 7.17 and a beta of 0.75. Wheaton Precious Metals Corp. has a 12 month low of $38.37 and a 12 month high of $54.45. The stock’s fifty day moving average price is $47.84 and its 200 day moving average price is $46.82.

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

Wheaton Precious Metals Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on WPM shares. CIBC upped their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Berenberg Bank increased their price target on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. BMO Capital Markets dropped their price objective on 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. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group upped their price target on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.32.

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.