BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 235,351 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 18.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,480,885 shares of the company's stock after buying an additional 235,351 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.33% of Wheaton Precious Metals worth $83,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WPM. Promus Capital LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $38,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $39,000. Headlands Technologies LLC grew its holdings in shares of 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. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. Scotiabank boosted their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. CIBC boosted their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, UBS Group boosted their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals presently has an average rating of "Buy" and an average price target of $85.90.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $2.11 during trading hours on Friday, hitting $86.67. 1,505,247 shares of the company were exchanged, compared to its average volume of 1,674,956. The company has a market cap of $39.33 billion, a PE ratio of 64.68, a PEG ratio of 1.91 and a beta of 0.49. The firm's 50 day moving average is $79.69 and its 200-day moving average is $68.75. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $470.41 million during the quarter, compared to the consensus estimate 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 revenue was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. As a group, equities 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.