Bennbridge Ltd purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,000 shares of the company's stock, valued at approximately $2,981,000. Wheaton Precious Metals makes up approximately 3.0% of Bennbridge Ltd's holdings, making the stock its 5th biggest holding.
Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Wheaton Precious Metals by 62.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,964 shares of the company's stock worth $167,000 after purchasing an additional 1,139 shares in the last quarter. AGF Management Ltd. increased its position in shares of Wheaton Precious Metals by 7.0% during the fourth quarter. AGF Management Ltd. now owns 119,306 shares of the company's stock valued at $6,715,000 after acquiring an additional 7,840 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Wheaton Precious Metals by 1.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,525,617 shares of the company's stock worth $85,801,000 after acquiring an additional 24,580 shares during the period. Moran Wealth Management LLC boosted its position in Wheaton Precious Metals by 39.2% in the fourth quarter. Moran Wealth Management LLC now owns 28,399 shares of the company's stock worth $1,597,000 after purchasing an additional 7,991 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. grew its stake in Wheaton Precious Metals by 15.4% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 36,260 shares of the company's stock valued at $2,038,000 after purchasing an additional 4,850 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.
Wheaton Precious Metals Price Performance
NYSE:WPM traded up $1.10 on Friday, reaching $73.82. 2,502,491 shares of the company's stock were exchanged, compared to its average volume of 1,582,365. The firm has a market cap of $33.49 billion, a price-to-earnings ratio of 55.09, a P/E/G ratio of 1.91 and a beta of 0.77. The stock has a fifty day simple moving average of $64.40 and a 200-day simple moving average of $62.60. Wheaton Precious Metals Corp. has a 52 week low of $43.18 and a 52 week high of $74.90.
Wheaton Precious Metals Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.89%. Wheaton Precious Metals's dividend payout ratio (DPR) is 46.27%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on WPM shares. UBS Group initiated coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a "buy" rating and a $78.00 target price on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $71.67.
Check Out Our Latest Report on Wheaton Precious Metals
Wheaton Precious Metals Profile
(
Free Report)
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.
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