Tidal Investments LLC Raises Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Tidal Investments LLC lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 972,081 shares of the company's stock after acquiring an additional 180,143 shares during the period. Tidal Investments LLC owned 0.21% of Wheaton Precious Metals worth $54,670,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Wheaton Precious Metals by 5.0% in the 4th 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. Quantinno Capital Management LP raised its position in shares of Wheaton Precious Metals by 11.8% during the fourth quarter. Quantinno Capital Management LP now owns 14,699 shares of the company's stock valued at $827,000 after buying an additional 1,552 shares during the last quarter. Man Group plc lifted its holdings in shares of Wheaton Precious Metals by 36.6% in the fourth quarter. Man Group plc now owns 513,792 shares of the company's stock worth $28,896,000 after buying an additional 137,771 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new position in shares of Wheaton Precious Metals during the fourth quarter worth $1,304,000. Finally, Janus Henderson Group PLC boosted its position in shares of Wheaton Precious Metals by 130.1% during the fourth quarter. Janus Henderson Group PLC now owns 189,957 shares of the company's stock worth $10,674,000 after acquiring an additional 107,413 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on WPM. BMO Capital Markets started 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 target on the stock. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group increased their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Finally, Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $85.90.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM traded up $2.41 during trading on Friday, hitting $86.97. The company had a trading volume of 722,104 shares, compared to its average volume of 1,671,406. The stock has a market cap of $39.47 billion, a price-to-earnings ratio of 64.85, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. The company has a fifty day simple moving average of $79.47 and a two-hundred day simple moving average of $68.60. Wheaton Precious Metals Corp. has a one year low of $51.96 and a one year high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same period last year, the company earned $0.36 earnings per share. Wheaton Precious Metals's revenue was up 58.4% on a year-over-year basis. On average, equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 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.