Oxford Asset Management LLP Acquires Shares of 5,879 Wheaton Precious Metals Corp. (NYSE:WPM)

Oxford Asset Management LLP bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,879 shares of the company's stock, valued at approximately $331,000.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Wheaton Precious Metals in the fourth quarter worth about $20,790,000. Sei Investments Co. raised its holdings in shares of Wheaton Precious Metals by 25.7% in the 4th 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 in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Wheaton Precious Metals by 19.7% in the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock worth $9,196,000 after purchasing an additional 26,924 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Wheaton Precious Metals by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock valued at $22,442,000 after purchasing an additional 33,256 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after buying an additional 216 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.7 %

Shares of NYSE:WPM opened at $81.62 on Monday. The business has a 50-day moving average price of $75.08 and a 200-day moving average price of $66.44. The stock has a market cap of $37.03 billion, a price-to-earnings ratio of 60.91, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 52-week low of $51.80 and a 52-week high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.44 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 business had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. During the same period in the previous year, the company posted $0.36 earnings per share. Wheaton Precious Metals's revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on WPM. BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. Scotiabank raised their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research report on Monday, April 14th. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday. Finally, Raymond James lifted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.

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