PKO Investment Management Joint Stock Co Makes New $11.68 Million Investment in Wheaton Precious Metals Corp. (NYSE:WPM)

PKO Investment Management Joint Stock Co purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 207,391 shares of the company's stock, valued at approximately $11,678,000. Wheaton Precious Metals makes up approximately 1.5% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 13th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WPM. Norges Bank bought a new position in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $472,648,000. Capital International Investors bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth $263,810,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth $72,657,000. Van ECK Associates Corp boosted its stake 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 valued at $1,154,843,000 after buying an additional 1,231,999 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Wheaton Precious Metals by 54.4% during the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after buying an additional 1,135,699 shares during the period. Institutional investors own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WPM shares. Raymond James lifted their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Royal Bank of Canada raised their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. Finally, National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Stock Down 0.0%

WPM traded down $0.03 on Thursday, reaching $86.14. The company had a trading volume of 976,289 shares, compared to its average volume of 1,678,764. The stock has a market capitalization of $39.09 billion, a PE ratio of 64.29, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $87.42. The stock has a 50-day moving average price of $80.55 and a 200-day moving average price of $69.38.

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

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

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.