Edmond DE Rothschild Holding S.A. Has $3.67 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,178 shares of the company's stock after acquiring an additional 4,834 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Wheaton Precious Metals were worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wheaton Precious Metals Stock Performance

WPM traded up $0.90 on Thursday, hitting $78.56. 3,416,483 shares of the company were exchanged, compared to its average volume of 1,643,100. The stock's fifty day moving average is $69.56 and its 200-day moving average is $64.12. Wheaton Precious Metals Corp. has a 12 month low of $49.11 and a 12 month high of $80.41. The company has a market cap of $35.64 billion, a PE ratio of 58.62, a PEG ratio of 1.91 and a beta of 0.74.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) 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 company had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company's revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

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

Analyst Upgrades and Downgrades

WPM has been the topic of several research reports. 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. Scotiabank boosted their price target on 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $72.44.

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.