Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Beddow Capital Management Inc.

Beddow Capital Management Inc. increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,468 shares of the company's stock after buying an additional 7,302 shares during the quarter. Wheaton Precious Metals comprises 2.4% of Beddow Capital Management Inc.'s portfolio, making the stock its 18th largest position. Beddow Capital Management Inc.'s holdings in Wheaton Precious Metals were worth $5,763,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank upped their price target on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a report on Monday, March 17th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $72.44.

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Wheaton Precious Metals Trading Down 0.9 %

Wheaton Precious Metals stock traded down $0.70 during mid-day trading on Wednesday, reaching $75.24. The company's stock had a trading volume of 1,035,149 shares, compared to its average volume of 1,578,081. Wheaton Precious Metals Corp. has a twelve month low of $44.57 and a twelve month high of $77.44. The business has a 50 day moving average price of $67.33 and a 200-day moving average price of $63.45. The firm has a market cap of $34.14 billion, a price-to-earnings ratio of 56.15, a PEG ratio of 1.91 and a beta of 0.77.

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

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.88%. Wheaton Precious Metals's dividend payout ratio is 56.90%.

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.