Hillsdale Investment Management Inc. Purchases 5,505 Shares of Wheaton Precious Metals Corp. $WPM

Hillsdale Investment Management Inc. raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 380,264 shares of the company’s stock after acquiring an additional 5,505 shares during the quarter. Wheaton Precious Metals makes up 1.2% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 14th biggest holding. Hillsdale Investment Management Inc. owned 0.08% of Wheaton Precious Metals worth $44,784,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its holdings in Wheaton Precious Metals by 1.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock valued at $494,000 after acquiring an additional 78 shares during the period. Gables Capital Management Inc. lifted its holdings in Wheaton Precious Metals by 7.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock valued at $127,000 after acquiring an additional 79 shares during the period. Focus Financial Network Inc. lifted its holdings in Wheaton Precious Metals by 2.5% in the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock valued at $388,000 after acquiring an additional 81 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in Wheaton Precious Metals by 1.7% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock valued at $632,000 after acquiring an additional 92 shares during the period. Finally, Capital Investment Advisors LLC lifted its holdings in Wheaton Precious Metals by 3.9% in the fourth quarter. Capital Investment Advisors LLC now owns 2,460 shares of the company’s stock valued at $289,000 after acquiring an additional 93 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $132.74 on Friday. The stock has a market cap of $60.28 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 2.45 and a beta of 0.50. Wheaton Precious Metals Corp. has a 1 year low of $85.59 and a 1 year high of $165.76. The firm has a fifty day moving average price of $133.63 and a 200-day moving average price of $130.61.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. During the same quarter in the prior year, the firm posted $0.55 EPS. Wheaton Precious Metals’s quarterly revenue was up 91.7% compared to the same quarter last year. On average, research analysts expect that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WPM. Scotiabank increased their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price on the stock. TD Securities increased their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Friday, March 27th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.