Ossiam Purchases 54,314 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Ossiam raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,593 shares of the company's stock after acquiring an additional 54,314 shares during the period. Ossiam's holdings in Wheaton Precious Metals were worth $6,672,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WPM. Norges Bank purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $472,648,000. Capital International Investors bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $263,810,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $72,657,000. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. Finally, FMR LLC increased its holdings in Wheaton Precious Metals by 5.9% in the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after buying an additional 863,306 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $0.62 during mid-day trading on Thursday, reaching $82.15. The stock had a trading volume of 1,407,997 shares, compared to its average volume of 1,651,903. The firm has a market cap of $37.27 billion, a price-to-earnings ratio of 61.31, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 12 month low of $51.42 and a 12 month high of $87.42. The business has a fifty day moving average of $74.53 and a 200 day moving average of $66.05.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. During the same quarter in the previous year, the company posted $0.36 EPS. The company's quarterly revenue was up 21.4% on a year-over-year basis. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio (DPR) is 56.90%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Raymond James lifted their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Royal Bank of Canada boosted their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. UBS Group raised their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $83.40.

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.