Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,406 shares of the company’s stock after purchasing an additional 3,002 shares during the period. D.A. Davidson & CO.’s holdings in Wheaton Precious Metals were worth $1,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CVA Family Office LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $31,000. Principal Securities Inc. bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. Fifth Third Bancorp grew its holdings in shares of Wheaton Precious Metals by 230.7% during the fourth quarter. Fifth Third Bancorp now owns 863 shares of the company’s stock valued at $43,000 after purchasing an additional 602 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of Wheaton Precious Metals by 30.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,159 shares of the company’s stock worth $57,000 after purchasing an additional 273 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Up 1.3 %

Shares of WPM opened at $56.41 on Friday. The firm has a market capitalization of $25.57 billion, a PE ratio of 43.39, a P/E/G ratio of 2.05 and a beta of 0.75. The firm has a 50-day moving average price of $51.67 and a 200 day moving average price of $48.14. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $57.87.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The company had revenue of $296.80 million during the quarter, compared to analyst estimates of $278.95 million. During the same period in the prior year, the business posted $0.23 EPS. The business’s revenue for the quarter was up 38.7% compared to the same quarter last year. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.28 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, May 29th. Wheaton Precious Metals’s payout ratio is currently 47.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Scotiabank boosted their price objective on Wheaton Precious Metals from $59.00 to $66.50 and gave the company an “outperform” rating in a research report on Thursday. Berenberg Bank boosted their price target on shares of Wheaton Precious Metals from $54.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Finally, CIBC upped their target price on shares of Wheaton Precious Metals from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.33.

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.