Quaero Capital S.A. Invests $220,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Quaero Capital S.A. acquired 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 and Exchange Commission (SEC). The fund acquired 2,830 shares of the company's stock, valued at approximately $220,000.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on WPM shares. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target on the stock. UBS Group boosted 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 note on Friday, April 11th. CIBC increased their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Raymond James Financial raised their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. Finally, National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average target price of $89.78.

Wheaton Precious Metals Stock Down 3.3%

WPM traded down $2.96 during midday trading on Friday, hitting $87.30. 2,628,915 shares of the company were exchanged, compared to its average volume of 1,701,702. The firm's 50 day moving average price is $85.80 and its 200-day moving average price is $73.32. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $95.23. The firm has a market capitalization of $39.63 billion, a P/E ratio of 64.19, a P/E/G ratio of 2.73 and a beta of 0.46.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The firm's quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio is currently 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.