BNP Paribas Financial Markets Raises Position in Wheaton Precious Metals Corp. (NYSE:WPM)

BNP Paribas Financial Markets boosted 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 Form 13F filing with the SEC. The fund owned 36,268 shares of the company's stock after acquiring 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 reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Wheaton Precious Metals in the fourth quarter worth about $472,648,000. Capital International Investors purchased a new stake in Wheaton Precious Metals in the fourth quarter worth about $263,810,000. Arrowstreet Capital Limited Partnership purchased a new stake in Wheaton Precious Metals in the fourth quarter worth about $72,657,000. Van ECK Associates Corp increased its position in Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock worth $1,154,843,000 after buying an additional 1,231,999 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Wheaton Precious Metals by 1,321.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock worth $68,720,000 after buying an additional 1,135,603 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Up 2.5%

Wheaton Precious Metals stock traded up $2.11 during midday trading on Friday, reaching $86.67. 1,505,247 shares of the stock traded hands, compared to its average volume of 1,674,956. The stock's fifty day moving average is $79.69 and its 200-day moving average is $68.75. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42. The stock has a market cap of $39.33 billion, a P/E ratio of 64.68, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced 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. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. During the same period in the prior year, the company earned $0.36 earnings per share. The firm's revenue was up 58.4% on a year-over-year basis. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS 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. Investors 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 0.76%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's payout ratio is presently 48.53%.

Analysts Set New Price Targets

A number of analysts have commented on the company. National Bankshares restated 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. Raymond James upped their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. UBS Group upped their price objective 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. Finally, Scotiabank upped their price objective 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 equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $85.90.

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.