XML Financial LLC Takes $461,000 Position in Wheaton Precious Metals Corp. (NYSE:WPM)

XML Financial LLC purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,197 shares of the company's stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals during the fourth quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new position in Wheaton Precious Metals during the 2nd quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $39,000. GAMMA Investing LLC acquired a new position in Wheaton Precious Metals in the 4th quarter valued at about $41,000. Finally, Sunbelt Securities Inc. purchased a new stake in Wheaton Precious Metals during the second quarter worth about $47,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WPM. National Bank Financial upgraded shares of Wheaton Precious Metals from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. UBS Group started coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a "buy" rating and a $78.00 price objective for the company. Jefferies Financial Group lifted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, October 4th. Stifel Canada downgraded shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, Raymond James increased their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.67.

Wheaton Precious Metals Stock Down 0.1 %

Shares of Wheaton Precious Metals stock traded down $0.04 during trading on Thursday, hitting $58.94. 1,137,068 shares of the company were exchanged, compared to its average volume of 1,388,505. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The firm has a 50 day moving average price of $59.45 and a 200 day moving average price of $60.54. The stock has a market capitalization of $26.74 billion, a price-to-earnings ratio of 43.98, a P/E/G ratio of 1.30 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $308.25 million for the quarter, compared to analysts' expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period last year, the company earned $0.27 EPS. Analysts predict that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals's dividend payout ratio is currently 46.27%.

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.