Montrusco Bolton Investments Inc. Acquires 12,635 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Montrusco Bolton Investments Inc. lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 285,852 shares of the company's stock after buying an additional 12,635 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.06% of Wheaton Precious Metals worth $22,179,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. NBT Bank N A NY grew its stake in shares of Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after buying an additional 234 shares in the last quarter. Headlands Technologies LLC boosted its position in Wheaton Precious Metals by 494.9% during the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after purchasing an additional 579 shares during the period. Princeton Global Asset Management LLC bought a new stake in Wheaton Precious Metals during the first quarter worth approximately $52,000. Penserra Capital Management LLC boosted its position in Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock worth $57,000 after purchasing an additional 707 shares during the period. Finally, Whittier Trust Co. boosted its position in Wheaton Precious Metals by 77.4% during the first quarter. Whittier Trust Co. now owns 763 shares of the company's stock worth $59,000 after purchasing an additional 333 shares during the period. Institutional investors own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WPM. Raymond James Financial upped their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada upped their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price objective for the company. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $93.00.

Wheaton Precious Metals Trading Down 1.6%

Shares of NYSE:WPM traded down $1.45 during trading on Thursday, hitting $89.05. 1,671,314 shares of the company's stock traded hands, compared to its average volume of 1,720,493. Wheaton Precious Metals Corp. has a 52 week low of $53.05 and a 52 week high of $95.23. The company has a market cap of $40.42 billion, a price-to-earnings ratio of 65.48, a price-to-earnings-growth ratio of 2.60 and a beta of 0.46. The company has a 50-day moving average price of $87.88 and a 200-day moving average price of $76.54.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter last year, the firm earned $0.36 EPS. Wheaton Precious Metals's revenue for the quarter was up 58.4% compared to the same quarter last year. On average, analysts predict 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 was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

Wheaton Precious Metals 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.