Capital International Sarl Raises Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Capital International Sarl lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,991 shares of the company’s stock after purchasing an additional 8,643 shares during the period. Capital International Sarl’s holdings in Wheaton Precious Metals were worth $1,912,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WPM. Versant Capital Management Inc bought a new stake in Wheaton Precious Metals during the 4th quarter valued at $29,000. Promus Capital LLC bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $38,000. Laurel Wealth Advisors LLC bought a new position in Wheaton Precious Metals during the 4th quarter worth about $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in Wheaton Precious Metals during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.7 %

WPM opened at $84.16 on Friday. The company has a market cap of $38.18 billion, a P/E ratio of 62.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 52-week low of $50.91 and a 52-week high of $86.20. The firm’s 50-day moving average price is $73.63 and its 200-day moving average price is $65.58.

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

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were issued a $0.165 dividend. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is 56.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. BMO Capital Markets started coverage on Wheaton Precious Metals in a report on Wednesday. They set an “outperform” rating and a $129.00 target price for the company. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank upped their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 14th. Finally, Royal Bank of Canada lifted their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $83.40.

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.