BLI Banque de Luxembourg Investments Acquires New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

BLI Banque de Luxembourg Investments purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 645,000 shares of the company's stock, valued at approximately $36,127,000. BLI Banque de Luxembourg Investments owned approximately 0.14% of Wheaton Precious Metals as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WPM. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $29,000. Promus Capital LLC bought a new position in Wheaton Precious Metals during the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $38,000. Laurel Wealth Advisors LLC bought a new position in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $39,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WPM. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Scotiabank lifted their target price 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. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Finally, Raymond James raised their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $83.40.

Wheaton Precious Metals Price Performance

NYSE:WPM traded down $0.81 during trading hours on Wednesday, hitting $84.95. The company's stock had a trading volume of 1,698,544 shares, compared to its average volume of 1,658,083. The company has a market capitalization of $38.55 billion, a P/E ratio of 63.40, a PEG ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42. The stock has a fifty day simple moving average of $77.30 and a 200-day simple moving average of $67.51.

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 the consensus estimate of $0.45 by ($0.01). The company had revenue of $380.52 million for the quarter, compared to the consensus estimate 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 for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. Wheaton Precious Metals's dividend payout ratio is presently 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.