Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Natixis

Natixis lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,005 shares of the company's stock after purchasing an additional 11,146 shares during the period. Natixis' holdings in Wheaton Precious Metals were worth $2,362,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WPM. Raymond James Financial Inc. purchased a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $20,790,000. Sei Investments Co. boosted its position in Wheaton Precious Metals by 25.7% during the fourth 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 grew its holdings in Wheaton Precious Metals by 19.7% in the fourth 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 last quarter. Bank of New York Mellon Corp raised its stake in shares of Wheaton Precious Metals by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 399,035 shares of the company's stock worth $22,442,000 after buying an additional 33,256 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Wheaton Precious Metals by 5.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday. Royal Bank of Canada lifted their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Scotiabank boosted their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. Finally, Raymond James lifted their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and a consensus target price of $83.40.

Wheaton Precious Metals Price Performance

WPM stock traded down $0.55 during trading on Friday, reaching $81.62. 1,463,968 shares of the stock traded hands, compared to its average volume of 1,647,615. The business's 50 day moving average price is $75.08 and its 200-day moving average price is $66.36. The firm has a market capitalization of $37.03 billion, a PE ratio of 60.91, a P/E/G ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a 52-week low of $51.80 and a 52-week high of $87.42.

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

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors 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. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Wheaton Precious Metals's payout ratio is presently 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.