QRG Capital Management Inc. Purchases Shares of 2,945 Wheaton Precious Metals Corp. (NYSE:WPM)

QRG Capital Management Inc. acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,945 shares of the company's stock, valued at approximately $229,000.

Other large investors have also recently bought and sold shares of the company. Promus Capital LLC acquired a new position in Wheaton Precious Metals in the fourth quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Wheaton Precious Metals in the fourth quarter valued at approximately $38,000. Quintet Private Bank Europe S.A. bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Headlands Technologies LLC increased its holdings in shares of Wheaton Precious Metals by 494.9% during the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after acquiring an additional 579 shares during the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in Wheaton Precious Metals in the 4th quarter valued at $41,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock traded up $0.71 during trading hours on Wednesday, reaching $89.28. The company's stock had a trading volume of 1,243,397 shares, compared to its average volume of 1,691,431. The firm has a 50 day moving average price of $85.59 and a 200-day moving average price of $73.01. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $95.23. The stock has a market cap of $40.53 billion, a P/E ratio of 65.65, a P/E/G ratio of 2.76 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $470.41 million for 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 company's quarterly revenue was up 58.4% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS 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 yield of 0.74%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 48.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets began coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. Scotiabank raised their price objective 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. Raymond James Financial increased their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. UBS Group raised their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, 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. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Buy" and an average target price of $86.90.

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.