Bennbridge Ltd Purchases Shares of 53,000 Wheaton Precious Metals Corp. (NYSE:WPM)

Bennbridge Ltd acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 largest position.

Other large investors have also added to or reduced their stakes in the company. Fielder Capital Group LLC grew its stake in shares of Wheaton Precious Metals by 0.7% in the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after acquiring an additional 176 shares during the last quarter. Merit Financial Group LLC grew its position in Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock valued at $271,000 after purchasing an additional 179 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock valued at $522,000 after purchasing an additional 187 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Wheaton Precious Metals by 1.0% in the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock worth $1,208,000 after buying an additional 196 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Wheaton Precious Metals by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently commented on WPM. UBS Group started coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a "buy" rating and a $78.00 price target on the stock. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $71.67.

Wheaton Precious Metals Trading Up 1.5 %

NYSE:WPM traded up $1.10 during trading hours on Friday, reaching $73.82. The company had a trading volume of 2,502,491 shares, compared to its average volume of 1,574,722. The firm has a market cap of $33.49 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 1.91 and a beta of 0.77. The firm's 50 day moving average price is $64.72 and its 200-day moving average price is $62.70. Wheaton Precious Metals Corp. has a 52 week low of $43.18 and a 52 week high of $74.93.

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

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio is 46.27%.

Wheaton Precious Metals Company 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.