Capital International Inc. CA Increases Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Capital International Inc. CA increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,535 shares of the company’s stock after acquiring an additional 22,005 shares during the period. Capital International Inc. CA’s holdings in Wheaton Precious Metals were worth $5,542,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after purchasing an additional 1,231,999 shares during the period. Vanguard Group Inc. lifted its position in Wheaton Precious Metals by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company’s stock worth $994,733,000 after buying an additional 281,123 shares during the last quarter. FMR LLC boosted its stake in Wheaton Precious Metals by 5.9% during the fourth quarter. FMR LLC now owns 15,529,219 shares of the company’s stock worth $873,995,000 after buying an additional 863,306 shares during the period. Norges Bank bought a new position in Wheaton Precious Metals during the fourth quarter valued at $472,648,000. Finally, TD Asset Management Inc. raised its stake in shares of Wheaton Precious Metals by 9.6% in the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock valued at $402,627,000 after acquiring an additional 629,743 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock 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. The firm’s 50-day moving average is $73.63 and its two-hundred day moving average is $65.61. Wheaton Precious Metals Corp. has a 1 year low of $50.91 and a 1 year high of $86.20.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. Wheaton Precious Metals’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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 given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is presently 56.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WPM. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research note on Wednesday. They set an “outperform” rating and a $129.00 price target for the company. Royal Bank of Canada upped their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, April 4th. UBS Group raised their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Raymond James lifted their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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.