Pecaut & CO. Acquires 500 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Pecaut & CO. raised its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,550 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Pecaut & CO.’s holdings in Wheaton Precious Metals were worth $897,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $472,648,000. Capital International Investors bought a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $263,810,000. Arrowstreet Capital Limited Partnership bought a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $72,657,000. Mackenzie Financial Corp lifted its position in Wheaton Precious Metals by 54.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company’s stock valued at $181,227,000 after acquiring an additional 1,135,699 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Wheaton Precious Metals by 1,321.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company’s stock valued at $68,720,000 after acquiring an additional 1,135,603 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. 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. UBS Group increased their price objective 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. Scotiabank increased their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a report on Monday, April 14th. Finally, Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $93.00.

Wheaton Precious Metals Trading Down 0.3%

NYSE WPM opened at $88.71 on Friday. The firm’s fifty day simple moving average is $87.88 and its two-hundred day simple moving average is $76.54. Wheaton Precious Metals Corp. has a 12-month low of $53.05 and a 12-month high of $95.23. The firm has a market capitalization of $40.27 billion, a P/E ratio of 65.31, a P/E/G ratio of 2.60 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results 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 net margin of 42.45% and a return on equity of 10.32%. The business had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same period in the previous year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 58.4% on a year-over-year basis. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. Wheaton Precious Metals’s payout ratio is currently 48.53%.

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.