Ewing Morris & Co. Investment Partners Ltd. Invests $344,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,111 shares of the company's stock, valued at approximately $344,000.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC grew its position in shares of Wheaton Precious Metals by 9.9% during the 3rd quarter. Barclays PLC now owns 315,914 shares of the company's stock worth $19,297,000 after buying an additional 28,485 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth about $213,000. GAMMA Investing LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $41,000. Trust Co. of Toledo NA OH grew its position in shares of Wheaton Precious Metals by 20.2% during the 4th quarter. Trust Co. of Toledo NA OH now owns 27,425 shares of the company's stock worth $1,542,000 after buying an additional 4,600 shares during the period. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $773,000. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $3.30 during trading on Friday, reaching $85.76. The company's stock had a trading volume of 2,631,359 shares, compared to its average volume of 1,659,227. The firm has a market cap of $38.92 billion, a price-to-earnings ratio of 64.00, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. The firm has a 50 day moving average of $77.91 and a 200-day moving average of $67.74. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business's revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. Wheaton Precious Metals's payout ratio is currently 56.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their target price 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. UBS Group increased their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. CIBC increased their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research note on Friday. Finally, Scotiabank increased their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and a consensus price target of $85.90.

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.