Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Greenline Partners LLC

Greenline Partners LLC lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 70.0% during the fourth quarter, HoldingsChannel reports. The firm owned 7,347 shares of the company’s stock after purchasing an additional 3,025 shares during the quarter. Greenline Partners LLC’s holdings in Wheaton Precious Metals were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth lifted its holdings in Wheaton Precious Metals by 35.1% in the 4th quarter. Focus Partners Wealth now owns 10,142 shares of the company’s stock worth $582,000 after buying an additional 2,635 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $344,000. Fiduciary Trust Co grew its stake in Wheaton Precious Metals by 15.1% during the 4th quarter. Fiduciary Trust Co now owns 14,009 shares of the company’s stock valued at $788,000 after purchasing an additional 1,840 shares in the last quarter. Dunhill Financial LLC increased its holdings in Wheaton Precious Metals by 66.8% during the 4th quarter. Dunhill Financial LLC now owns 1,751 shares of the company’s stock worth $98,000 after purchasing an additional 701 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its position in shares of Wheaton Precious Metals by 98.4% in the 4th quarter. EP Wealth Advisors LLC now owns 10,684 shares of the company’s stock valued at $601,000 after purchasing an additional 5,299 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WPM shares. UBS Group raised 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. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 14th. National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Raymond James boosted their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $85.90.

Wheaton Precious Metals Stock Up 4.0 %

Wheaton Precious Metals stock opened at $85.76 on Friday. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $87.42. The firm has a market capitalization of $38.92 billion, a price-to-earnings ratio of 64.00, a PEG ratio of 1.91 and a beta of 0.49. The firm has a 50-day moving average price of $77.91 and a two-hundred day moving average price of $67.73.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 58.4% on a year-over-year basis. Research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) 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.