Capital International Investors Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Capital International Investors purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,690,783 shares of the company's stock, valued at approximately $263,810,000. Capital International Investors owned approximately 1.03% of Wheaton Precious Metals as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $38,000. Headlands Technologies LLC grew its position in shares of Wheaton Precious Metals by 494.9% in the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after purchasing an additional 579 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

WPM traded up $0.41 during trading hours on Thursday, reaching $81.94. The company's stock had a trading volume of 760,433 shares, compared to its average volume of 1,649,423. Wheaton Precious Metals Corp. has a fifty-two week low of $51.42 and a fifty-two week high of $87.42. The stock has a market cap of $37.17 billion, a PE ratio of 61.30, a P/E/G ratio of 1.91 and a beta of 0.74. The business's 50-day moving average is $74.53 and its 200-day moving average is $66.05.

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

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a $0.165 dividend. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. Wheaton Precious Metals's payout ratio is presently 56.90%.

Analyst Ratings Changes

WPM has been the subject of several research reports. UBS Group boosted their price objective 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 upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. Finally, Raymond James raised their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals presently has an average rating of "Buy" and an average target price of $83.40.

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.