Arrowstreet Capital Limited Partnership Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Arrowstreet Capital Limited Partnership bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,292,200 shares of the company's stock, valued at approximately $72,657,000. Arrowstreet Capital Limited Partnership owned about 0.28% of Wheaton Precious Metals as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in Wheaton Precious Metals in the 4th quarter valued at approximately $29,000. Promus Capital LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $38,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 1.2 %

NYSE:WPM traded up $0.90 during trading hours on Thursday, reaching $78.56. The company had a trading volume of 3,416,483 shares, compared to its average volume of 1,643,100. The business's 50-day simple moving average is $69.56 and its two-hundred day simple moving average is $64.12. Wheaton Precious Metals Corp. has a twelve month low of $49.11 and a twelve month high of $80.41. The firm has a market cap of $35.64 billion, a price-to-earnings ratio of 58.62, a P/E/G ratio of 1.91 and a beta of 0.74.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. During the same period last year, the company posted $0.36 earnings per share. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be given a $0.165 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.84%. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 56.90%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank raised their price target on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a report on Monday, March 17th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $72.44.

About Wheaton Precious Metals

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.