Winmill & CO. Inc. Grows Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Winmill & CO. Inc. grew its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 1,950.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 123,000 shares of the company's stock after acquiring an additional 117,000 shares during the period. Wheaton Precious Metals accounts for approximately 2.2% of Winmill & CO. Inc.'s investment portfolio, making the stock its 21st biggest position. Winmill & CO. Inc.'s holdings in Wheaton Precious Metals were worth $6,918,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 6.4% in 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 acquiring an additional 1,231,999 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Wheaton Precious Metals by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock valued at $994,733,000 after purchasing an additional 281,123 shares during the last quarter. FMR LLC lifted its holdings in Wheaton Precious Metals by 5.9% in the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after buying an additional 863,306 shares during the period. Norges Bank bought a new stake in Wheaton Precious Metals during the fourth quarter valued at $472,648,000. Finally, TD Asset Management Inc. grew its stake in Wheaton Precious Metals by 9.6% during the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock worth $402,627,000 after purchasing an additional 629,743 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently weighed in on WPM. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. Raymond James upped their price objective on shares of Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank boosted 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 research report on Monday, March 17th. Finally, UBS Group lifted their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average target price of $75.60.

Wheaton Precious Metals Trading Up 5.4 %

Shares of WPM stock traded up $4.18 during trading on Friday, hitting $82.08. The company's stock had a trading volume of 3,609,122 shares, compared to its average volume of 1,650,179. The company has a market cap of $37.24 billion, a PE ratio of 61.25, a P/E/G ratio of 1.91 and a beta of 0.74. The business has a fifty day moving average of $71.92 and a 200-day moving average of $64.86. Wheaton Precious Metals Corp. has a 52 week low of $49.71 and a 52 week high of $82.99.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $380.52 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.36 EPS. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current 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 given a $0.165 dividend. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.80%. Wheaton Precious Metals's payout ratio is currently 56.90%.

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.