Linden Thomas Advisory Services LLC Buys New Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Linden Thomas Advisory Services LLC bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,841 shares of the company's stock, valued at approximately $221,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Wheaton Precious Metals by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock valued at $994,733,000 after buying an additional 281,123 shares during the last quarter. FMR LLC grew its holdings in shares of Wheaton Precious Metals by 5.9% during the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock valued at $873,995,000 after acquiring an additional 863,306 shares in the last quarter. Royal Bank of Canada boosted its holdings in Wheaton Precious Metals by 5.0% in the fourth quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock worth $530,057,000 after purchasing an additional 447,702 shares in the last quarter. Norges Bank bought a new stake in Wheaton Precious Metals in the fourth quarter worth $472,648,000. Finally, TD Asset Management Inc. boosted its holdings in Wheaton Precious Metals by 9.6% in the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock worth $402,627,000 after purchasing an additional 629,743 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WPM has been the subject of a number of research analyst reports. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Scotiabank increased their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. Finally, Royal Bank Of Canada raised their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $93.00.

Wheaton Precious Metals Price Performance

Shares of WPM stock traded down $0.71 on Tuesday, hitting $90.67. The stock had a trading volume of 1,655,266 shares, compared to its average volume of 1,722,877. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 66.67, a price-to-earnings-growth ratio of 2.68 and a beta of 0.46. The business has a 50 day moving average of $87.39 and a 200 day moving average of $75.87. Wheaton Precious Metals Corp. has a 12-month low of $53.05 and a 12-month high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly 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. The company had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a net margin of 42.45% and a return on equity of 10.32%. The firm's revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.73%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

About Wheaton Precious Metals

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.