Hillsdale Investment Management Inc. Purchases 6,900 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Hillsdale Investment Management Inc. boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,200 shares of the company's stock after purchasing an additional 6,900 shares during the period. Hillsdale Investment Management Inc.'s holdings in Wheaton Precious Metals were worth $8,276,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Intellus Advisors LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $13,036,000. Sei Investments Co. increased its holdings in Wheaton Precious Metals by 25.7% in the fourth quarter. Sei Investments Co. now owns 40,769 shares of the company's stock valued at $2,293,000 after purchasing an additional 8,331 shares during the period. American Century Companies Inc. raised its position in Wheaton Precious Metals by 5.0% during the 4th quarter. American Century Companies Inc. now owns 615,705 shares of the company's stock worth $34,629,000 after purchasing an additional 29,147 shares during the last quarter. Beddow Capital Management Inc. lifted its holdings in Wheaton Precious Metals by 7.7% during the 4th quarter. Beddow Capital Management Inc. now owns 102,468 shares of the company's stock worth $5,763,000 after buying an additional 7,302 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its position in shares of Wheaton Precious Metals by 0.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 80,507 shares of the company's stock valued at $4,523,000 after buying an additional 480 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

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Wheaton Precious Metals Trading Up 1.9 %

NYSE WPM traded up $1.39 during trading hours on Tuesday, hitting $76.30. The company's stock had a trading volume of 800,551 shares, compared to its average volume of 1,599,874. The company's 50-day simple moving average is $66.95 and its two-hundred day simple moving average is $63.32. The company has a market capitalization of $34.62 billion, a PE ratio of 56.96, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. Wheaton Precious Metals Corp. has a 52 week low of $44.57 and a 52 week high of $77.44.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results 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). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million for the quarter, compared to analysts' expectations of $395.74 million. During the same period in the previous year, the firm earned $0.36 EPS. The firm's quarterly revenue was up 21.4% on a year-over-year basis. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio is currently 56.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank lifted their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research note on Monday, March 17th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.