Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 70.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,268 shares of the company's stock after buying an additional 15,044 shares during the quarter. BNP Paribas Financial Markets' holdings in Wheaton Precious Metals were worth $2,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Fielder Capital Group LLC grew its holdings in shares of Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after buying an additional 176 shares in the last quarter. Signaturefd LLC grew its holdings in Wheaton Precious Metals by 1.5% in the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock valued at $668,000 after purchasing an additional 178 shares during the period. Merit Financial Group LLC grew its holdings in Wheaton Precious Metals by 3.9% in the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock valued at $271,000 after purchasing an additional 179 shares during the period. Pacer Advisors Inc. grew its holdings in Wheaton Precious Metals by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock valued at $226,000 after purchasing an additional 216 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in Wheaton Precious Metals by 4.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company's stock valued at $344,000 after purchasing an additional 258 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Raymond James boosted their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. Stifel Canada upgraded shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Royal Bank of Canada boosted their target price 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. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Stock Up 3.3%

Shares of NYSE WPM traded up $2.65 during trading on Tuesday, reaching $83.01. 1,495,774 shares of the stock were exchanged, compared to its average volume of 1,672,395. The business's 50-day moving average price is $79.07 and its 200 day moving average price is $68.35. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42. The company has a market capitalization of $37.67 billion, a price-to-earnings ratio of 61.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results 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 business had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. During the same period in the previous year, the company posted $0.36 earnings per share. The business's revenue for the quarter was up 58.4% compared to the same quarter last year. As a group, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 yield of 0.80%. Wheaton Precious Metals's dividend payout ratio is presently 48.53%.

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.