Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,290 shares of the company’s stock after purchasing an additional 2,266 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Wheaton Precious Metals were worth $3,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Wheaton Precious Metals by 33.7% in the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after acquiring an additional 3,692,594 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Wheaton Precious Metals by 22.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after acquiring an additional 634,843 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after acquiring an additional 513,890 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Wheaton Precious Metals by 10.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock valued at $140,099,000 after acquiring an additional 218,575 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Wheaton Precious Metals by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company’s stock valued at $121,939,000 after acquiring an additional 111,769 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 1.1 %

Shares of WPM opened at $62.40 on Friday. The company’s fifty day moving average is $59.30 and its 200-day moving average is $60.64. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The firm has a market cap of $28.31 billion, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million for the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 0.99%. Wheaton Precious Metals’s payout ratio is presently 46.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. TD Securities increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Raymond James increased their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.67.

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.