Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Ossiam

Ossiam increased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 84.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,593 shares of the company’s stock after purchasing an additional 54,314 shares during the period. Ossiam’s holdings in Wheaton Precious Metals were worth $6,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MML Investors Services LLC grew its position in shares of Wheaton Precious Metals by 8.8% in the 3rd quarter. MML Investors Services LLC now owns 8,285 shares of the company’s stock worth $506,000 after acquiring an additional 669 shares in the last quarter. Barclays PLC boosted its holdings in Wheaton Precious Metals by 9.9% in the third quarter. Barclays PLC now owns 315,914 shares of the company’s stock worth $19,297,000 after purchasing an additional 28,485 shares during the period. Virtu Financial LLC bought a new stake in Wheaton Precious Metals during the third quarter valued at $284,000. Te Ahumairangi Investment Management Ltd increased its stake in Wheaton Precious Metals by 1.0% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 67,392 shares of the company’s stock valued at $4,097,000 after purchasing an additional 668 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Wheaton Precious Metals during the third quarter worth $1,832,000. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $84.16 on Friday. The stock has a market cap of $38.18 billion, a price-to-earnings ratio of 62.81, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 12 month low of $50.91 and a 12 month high of $86.20. The stock’s 50 day moving average price is $73.63 and its 200 day moving average price is $65.61.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. On average, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors 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 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is presently 56.90%.

Analyst Ratings Changes

WPM has been the subject of several research reports. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. 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. Royal Bank of Canada raised their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, April 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, UBS Group boosted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $83.40.

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.