2,845 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Bought by Grimes & Company Inc.

Grimes & Company Inc. bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,845 shares of the company's stock, valued at approximately $221,000.

Other hedge funds have also modified their holdings of the company. Promus Capital LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $38,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at $39,000. Headlands Technologies LLC lifted its stake in Wheaton Precious Metals by 494.9% in the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after acquiring an additional 579 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals in the 4th quarter worth about $41,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Raymond James Financial increased their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group increased their target price on shares of 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, CIBC increased their price objective on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. One equities research 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 stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $86.90.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock traded down $1.78 during midday trading on Friday, reaching $89.29. 2,400,416 shares of the company's stock traded hands, compared to its average volume of 1,689,104. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $95.23. The company's 50 day simple moving average is $85.33 and its 200 day simple moving average is $72.63. The company has a market cap of $40.52 billion, a price-to-earnings ratio of 65.66, a price-to-earnings-growth ratio of 2.78 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same period last year, the company earned $0.36 earnings per share. The business's revenue was up 58.4% compared to the same quarter last year. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio 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.