Generali Asset Management SPA SGR Buys New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

Generali Asset Management SPA SGR bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 477,385 shares of the company's stock, valued at approximately $26,848,000. Wheaton Precious Metals accounts for 0.7% of Generali Asset Management SPA SGR's portfolio, making the stock its 23rd biggest position. Generali Asset Management SPA SGR owned 0.11% of Wheaton Precious Metals as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc bought a new stake in Wheaton Precious Metals during the fourth quarter worth about $29,000. Promus Capital LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $38,000. Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $39,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $39,000. Institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

WPM has been the subject of a number of research reports. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank increased 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. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals currently has an average rating of "Buy" and a consensus price target of $72.44.

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Wheaton Precious Metals Trading Down 0.7 %

Shares of WPM traded down $0.55 during trading hours on Friday, hitting $75.02. The company had a trading volume of 3,159,125 shares, compared to its average volume of 1,577,562. The company has a market capitalization of $34.03 billion, a PE ratio of 55.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $44.57 and a one year high of $77.44. The company's fifty day moving average price is $66.57 and its two-hundred day moving average price is $63.17.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $380.52 million for 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 revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

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 given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.88%. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is presently 49.25%.

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.