Cetera Investment Advisers Acquires 37,421 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Cetera Investment Advisers grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 95.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,724 shares of the company's stock after purchasing an additional 37,421 shares during the period. Cetera Investment Advisers' holdings in Wheaton Precious Metals were worth $4,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WPM. Norges Bank bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $472,648,000. Capital International Investors bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth $263,810,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $72,657,000. Van ECK Associates Corp boosted its stake in shares of Wheaton Precious Metals by 6.4% in the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock worth $1,154,843,000 after buying an additional 1,231,999 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Wheaton Precious Metals by 1,321.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock worth $68,720,000 after buying an additional 1,135,603 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

WPM has been the topic of a number of research reports. Raymond James raised their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. BMO Capital Markets started coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price on the stock. Finally, StockNews.com upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals has an average rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Stock Down 2.8%

Shares of Wheaton Precious Metals stock opened at $76.33 on Thursday. The stock's 50-day simple moving average is $78.36 and its 200-day simple moving average is $67.96. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42. The company has a market capitalization of $34.64 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same period in the previous year, the business earned $0.36 earnings per share. The business's revenue was up 58.4% on a year-over-year basis. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a $0.165 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Wheaton Precious Metals's payout ratio is 48.53%.

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.

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