Addenda Capital Inc. Has $71.09 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Addenda Capital Inc. decreased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 30.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 915,735 shares of the company's stock after selling 406,100 shares during the quarter. Wheaton Precious Metals makes up 3.4% of Addenda Capital Inc.'s portfolio, making the stock its 6th biggest position. Addenda Capital Inc. owned 0.20% of Wheaton Precious Metals worth $71,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Promus Capital LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $38,000. Headlands Technologies LLC raised its stake in Wheaton Precious Metals by 494.9% during the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after buying an additional 579 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $39,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 1.2%

WPM traded down $1.07 during trading hours on Thursday, hitting $91.68. The company's stock had a trading volume of 1,855,075 shares, compared to its average volume of 1,676,839. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $95.18. The firm has a market capitalization of $41.61 billion, a PE ratio of 68.42, a PEG ratio of 1.91 and a beta of 0.49. The company has a 50-day simple moving average of $81.72 and a 200 day simple moving average of $70.25.

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

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's payout ratio is currently 48.53%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WPM. BMO Capital Markets began coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target on the stock. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group increased their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, Raymond James increased their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of "Buy" and a consensus target price of $86.90.

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.