Guardian Capital LP Has $25.42 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Guardian Capital LP lessened its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,928 shares of the company’s stock after selling 181,049 shares during the period. Guardian Capital LP owned 0.10% of Wheaton Precious Metals worth $25,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Wheaton Precious Metals by 6.4% in 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 in the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 281,123 shares in the last quarter. FMR LLC increased its holdings in Wheaton Precious Metals by 5.9% in the 4th quarter. FMR LLC now owns 15,529,219 shares of the company’s stock worth $873,995,000 after purchasing an additional 863,306 shares in the last quarter. Norges Bank acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $472,648,000. Finally, TD Asset Management Inc. increased its holdings in Wheaton Precious Metals by 9.6% in the 4th quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock worth $402,627,000 after purchasing an additional 629,743 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WPM shares. Raymond James increased their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, April 15th. BMO Capital Markets started coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an “outperform” rating and a $129.00 price target for the company. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group increased their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, National Bankshares reissued an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.40.

Wheaton Precious Metals Stock Down 0.3 %

NYSE:WPM opened at $81.82 on Wednesday. The company has a fifty day moving average of $75.57 and a 200-day moving average of $66.70. The firm has a market capitalization of $37.12 billion, a P/E ratio of 61.06, a P/E/G ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a twelve month low of $51.80 and a twelve month high of $87.42.

Wheaton Precious Metals (NYSE:WPM) last announced 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). The business had revenue of $380.52 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.36 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Tuesday, April 1st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s payout ratio is 56.90%.

About Wheaton Precious Metals

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.