Capital International Inc. CA Purchases 22,005 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Capital International Inc. CA boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 28.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,535 shares of the company’s stock after acquiring an additional 22,005 shares during the quarter. Capital International Inc. CA’s holdings in Wheaton Precious Metals were worth $5,542,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. Vanguard Group Inc. raised its position in Wheaton Precious Metals by 1.6% in 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 during the last quarter. FMR LLC lifted its stake in Wheaton Precious Metals by 5.9% during the 4th quarter. FMR LLC now owns 15,529,219 shares of the company’s stock valued at $873,995,000 after acquiring an additional 863,306 shares during the period. Norges Bank purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $472,648,000. Finally, TD Asset Management Inc. grew its stake in shares of Wheaton Precious Metals by 9.6% in the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock worth $402,627,000 after acquiring an additional 629,743 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the topic of several research reports. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a report on Wednesday. They issued an “outperform” rating and a $129.00 target price on the stock. UBS Group upped their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Raymond James raised their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. Scotiabank upped their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a research report on Monday, April 14th. Finally, Royal Bank of Canada raised their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $83.40.

Wheaton Precious Metals Stock Down 0.7 %

NYSE WPM opened at $84.16 on Friday. The business has a 50-day moving average price of $73.63 and a 200-day moving average price of $65.61. The firm has a market cap of $38.18 billion, a price-to-earnings 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 twelve month low of $50.91 and a twelve month high of $86.20.

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 for the quarter, compared to the consensus estimate of $395.74 million. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 56.90%.

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.