Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC increased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 79.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,432 shares of the company’s stock after acquiring an additional 4,176 shares during the period. Blueshift Asset Management LLC’s holdings in Wheaton Precious Metals were worth $530,000 at the end of the most recent quarter.

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

Wheaton Precious Metals Stock Performance

WPM opened at $75.58 on Friday. Wheaton Precious Metals Corp. has a one year low of $44.57 and a one year high of $77.44. The company has a market cap of $34.29 billion, a P/E ratio of 56.41, a PEG ratio of 1.91 and a beta of 0.76. The business’s 50-day simple moving average is $66.21 and its 200-day simple moving average is $63.07.

Wheaton Precious Metals (NYSE:WPM) last released 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 prior year, the company earned $0.36 EPS. The business’s revenue was up 21.4% on a year-over-year basis. As a group, analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s payout ratio is currently 49.25%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WPM. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank increased their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research report on Monday. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $72.44.

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.