Tocqueville Asset Management L.P. Reduces Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Tocqueville Asset Management L.P. lessened its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 676,570 shares of the company's stock after selling 3,954 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.15% of Wheaton Precious Metals worth $38,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Fielder Capital Group LLC lifted its position in Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock valued at $1,389,000 after buying an additional 176 shares during the period. Signaturefd LLC lifted its position in Wheaton Precious Metals by 1.5% during the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after acquiring an additional 178 shares during the period. Merit Financial Group LLC boosted its stake in Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after acquiring an additional 179 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in Wheaton Precious Metals by 2.2% in the third quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company's stock worth $522,000 after purchasing an additional 187 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock valued at $1,208,000 after purchasing an additional 196 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

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

Wheaton Precious Metals Trading Down 0.7 %

NYSE:WPM traded down $0.55 during mid-day trading on Friday, reaching $75.02. The company's stock had a trading volume of 2,909,425 shares, compared to its average volume of 1,604,750. The stock has a market cap of $34.03 billion, a P/E ratio of 55.98, a PEG ratio of 1.91 and a beta of 0.76. The firm's fifty day moving average price is $66.21 and its two-hundred day moving average price is $63.07. Wheaton Precious Metals Corp. has a 12-month low of $44.57 and a 12-month high of $77.44.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data 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). 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 earnings per share. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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. Stockholders of record on Tuesday, April 1st will be paid a $0.165 dividend. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio (DPR) is 49.25%.

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.