Blueshift Asset Management LLC Grows Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Blueshift Asset Management LLC increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 79.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,432 shares of the company's stock after purchasing an additional 4,176 shares during the quarter. Blueshift Asset Management LLC's holdings in Wheaton Precious Metals were worth $530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at about $29,000. Promus Capital LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $38,000. Laurel Wealth Advisors LLC purchased a new position in Wheaton Precious Metals during the 4th quarter valued at approximately $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WPM. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank upped their price target on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research note on Monday, March 17th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $72.44.

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Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded up $1.05 during trading on Tuesday, hitting $75.96. The stock had a trading volume of 1,657,004 shares, compared to its average volume of 1,578,167. Wheaton Precious Metals Corp. has a 12 month low of $44.57 and a 12 month high of $77.44. The firm's fifty day simple moving average is $66.95 and its 200-day simple moving average is $63.32. The stock has a market cap of $34.46 billion, a PE ratio of 56.69, a PEG ratio of 1.91 and a beta of 0.77.

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 the consensus estimate 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 firm had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same period in the previous year, the business earned $0.36 EPS. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. Analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, April 1st. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio is 56.90%.

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.