Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 65,178 shares of the company’s stock after acquiring an additional 4,834 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Wheaton Precious Metals were worth $3,666,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WPM. Van ECK Associates Corp raised its position in shares of Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after purchasing an additional 1,231,999 shares during the last quarter. Vanguard Group Inc. increased its stake in Wheaton Precious Metals by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company’s stock worth $994,733,000 after buying an additional 281,123 shares in the last quarter. Norges Bank acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $472,648,000. TD Asset Management Inc. raised its holdings in shares of Wheaton Precious Metals by 9.6% during the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock valued at $402,627,000 after acquiring an additional 629,743 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its position in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,931,246 shares of the company’s stock valued at $164,853,000 after acquiring an additional 177,071 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 1.0 %

Shares of WPM stock opened at $77.64 on Tuesday. Wheaton Precious Metals Corp. has a twelve month low of $47.02 and a twelve month high of $78.10. The company’s 50-day moving average price is $68.84 and its 200-day moving average price is $63.92. The stock has a market cap of $35.22 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 1.91 and a beta of 0.77.

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

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.85%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 56.90%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Scotiabank boosted their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 17th. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals 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.