Fox Run Management L.L.C. Buys New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

Fox Run Management L.L.C. bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,203 shares of the company's stock, valued at approximately $1,024,000.

Several other hedge funds also recently made changes to their positions in WPM. Versant Capital Management Inc bought a new position in Wheaton Precious Metals during the fourth quarter worth $29,000. Promus Capital LLC bought a new stake in Wheaton Precious Metals during the fourth quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth about $38,000. Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals in the 4th quarter worth about $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Analysts Set New Price Targets

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

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Wheaton Precious Metals Stock Up 1.4 %

Wheaton Precious Metals stock traded up $1.05 during trading hours on Tuesday, hitting $75.96. 1,613,873 shares of the company traded hands, compared to its average volume of 1,578,167. Wheaton Precious Metals Corp. has a 1-year low of $44.57 and a 1-year high of $77.44. The firm has a market cap of $34.46 billion, a P/E ratio of 56.69, a P/E/G ratio of 1.91 and a beta of 0.77. The firm's 50-day simple moving average is $66.95 and its two-hundred day simple moving average is $63.32.

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). The company had revenue of $380.52 million for 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%. Wheaton Precious Metals's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be issued a $0.165 dividend. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. 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.