Leigh Baldwin & CO. LLC Buys New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Leigh Baldwin & CO. LLC bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,124 shares of the company's stock, valued at approximately $232,000.

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

Analysts Set New Price Targets

WPM has been the subject of several analyst reports. CIBC upped their price objective on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Royal Bank of Canada raised their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. 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 target price 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, Raymond James lifted their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Stock Performance

NYSE WPM traded down $0.03 during trading hours on Thursday, reaching $86.14. The company's stock had a trading volume of 976,289 shares, compared to its average volume of 1,676,446. The company's 50-day moving average is $80.32 and its two-hundred day moving average is $69.20. Wheaton Precious Metals Corp. has a fifty-two week low of $51.96 and a fifty-two week high of $87.42. The stock has a market cap of $39.09 billion, a PE ratio of 64.29, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $446.33 million. During the same period in the prior year, the business earned $0.36 earnings per share. The company's quarterly revenue was up 58.4% on a year-over-year basis. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.77%. Wheaton Precious Metals's dividend payout ratio (DPR) 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.