645,000 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 645,000 shares of the company’s stock, valued at approximately $36,127,000.

Several other institutional investors have also added to or reduced their stakes in WPM. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $29,000. Promus Capital LLC purchased a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $38,000. Laurel Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Raymond James increased their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 15th. Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. National Bankshares reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $83.40.

Wheaton Precious Metals Trading Down 0.3 %

Shares of WPM opened at $80.84 on Friday. The company has a market cap of $36.68 billion, a price-to-earnings ratio of 60.33, a P/E/G ratio of 1.91 and a beta of 0.49. The business’s fifty day simple moving average is $76.36 and its two-hundred day simple moving average is $67.11. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.44 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 business had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. During the same period last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid a $0.165 dividend. The ex-dividend date was Tuesday, April 1st. This is a positive change 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 0.82%. Wheaton Precious Metals’s payout ratio is currently 56.90%.

Wheaton Precious Metals Company 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.