Caisse DE Depot ET Placement DU Quebec Boosts Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 1,321.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,221,522 shares of the company's stock after purchasing an additional 1,135,603 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.27% of Wheaton Precious Metals worth $68,720,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Wheaton Precious Metals by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock worth $1,154,843,000 after acquiring an additional 1,231,999 shares during the period. Vanguard Group Inc. raised its position in shares of Wheaton Precious Metals by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock worth $994,733,000 after acquiring an additional 281,123 shares during the last quarter. FMR LLC lifted its stake in shares of Wheaton Precious Metals by 5.9% in the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after purchasing an additional 863,306 shares during the period. Norges Bank acquired a new stake in Wheaton Precious Metals in the fourth quarter worth $472,648,000. Finally, TD Asset Management Inc. increased its position in shares of Wheaton Precious Metals by 9.6% during the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock worth $402,627,000 after acquiring an additional 629,743 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research analyst reports. Raymond James increased their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. 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. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of "Buy" and an average target price of $83.40.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM traded down $0.72 during mid-day trading on Wednesday, hitting $85.04. The stock had a trading volume of 615,882 shares, compared to its average volume of 1,650,812. The business has a 50 day moving average price of $76.98 and a two-hundred day moving average price of $67.39. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $87.42. The firm has a market cap of $38.59 billion, a P/E ratio of 63.53, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. During the same period in the previous year, the business earned $0.36 EPS. The business's revenue was up 21.4% compared to the same quarter last year. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced 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. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. This is a positive change 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 (DPR) is presently 56.90%.

Wheaton Precious Metals 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.