Crestline Management LP Invests $9.79 Million in Wheaton Precious Metals Corp. (NYSE:WPM)

Crestline Management LP bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 173,993 shares of the company's stock, valued at approximately $9,785,000.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective on the stock. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price target 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. Raymond James increased their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Finally, UBS Group boosted their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. One research 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $83.40.

Wheaton Precious Metals Stock Up 3.3 %

WPM stock opened at $83.48 on Tuesday. The company has a market cap of $37.88 billion, a PE ratio of 62.30, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42. The business has a 50-day simple moving average of $76.62 and a 200 day simple moving average of $67.26.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The firm had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business's revenue was up 21.4% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. On average, analysts anticipate 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. Shareholders of record on Tuesday, April 1st were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's payout ratio is currently 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.

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