Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 519.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,530 shares of the company's stock after purchasing an additional 18,054 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Wheaton Precious Metals were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WPM. Raymond James Financial Inc. bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $20,790,000. Sei Investments Co. grew its position in Wheaton Precious Metals by 25.7% during the 4th quarter. Sei Investments Co. now owns 40,769 shares of the company's stock worth $2,293,000 after purchasing an additional 8,331 shares in the last quarter. CWA Asset Management Group LLC raised its stake in Wheaton Precious Metals by 19.7% during the 4th quarter. CWA Asset Management Group LLC now owns 163,514 shares of the company's stock valued at $9,196,000 after purchasing an additional 26,924 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Wheaton Precious Metals by 9.1% in 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. grew its holdings in shares of 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 in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WPM has been the topic of several analyst reports. Scotiabank increased their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday. UBS Group raised their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Raymond James lifted their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a report on Wednesday. They set an "outperform" rating and a $129.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average price target of $83.40.

Wheaton Precious Metals Trading Down 0.7 %

Shares of WPM traded down $0.60 during trading hours on Friday, reaching $84.16. 1,745,316 shares of the company traded hands, compared to its average volume of 1,642,027. The firm has a market cap of $38.18 billion, a price-to-earnings ratio of 62.81, a PEG ratio of 1.91 and a beta of 0.74. The stock's fifty day moving average price is $73.63 and its 200 day moving average price is $65.58. Wheaton Precious Metals Corp. has a 12-month low of $50.91 and a 12-month high of $86.20.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced 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). The company had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. 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%.

Wheaton Precious Metals Company 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.