Wheaton Precious Metals Corp. (NYSE:WPM) Stake Increased by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 972,081 shares of the company's stock after purchasing an additional 180,143 shares during the quarter. Tidal Investments LLC owned approximately 0.21% of Wheaton Precious Metals worth $54,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WPM. Barclays PLC grew its holdings in shares of Wheaton Precious Metals by 9.9% during the third quarter. Barclays PLC now owns 315,914 shares of the company's stock worth $19,297,000 after buying an additional 28,485 shares in the last quarter. Avanza Fonder AB acquired a new stake in Wheaton Precious Metals during the fourth quarter worth approximately $2,455,000. Merit Financial Group LLC grew its stake in Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after acquiring an additional 179 shares during the period. Ameritas Advisory Services LLC raised its holdings in Wheaton Precious Metals by 10.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 9,343 shares of the company's stock valued at $525,000 after acquiring an additional 897 shares during the last quarter. Finally, Addenda Capital Inc. lifted its stake in shares of Wheaton Precious Metals by 5.0% during the 4th quarter. Addenda Capital Inc. now owns 1,321,835 shares of the company's stock worth $74,340,000 after purchasing an additional 62,590 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Up 3.3%

WPM traded up $2.65 during trading on Tuesday, hitting $83.01. 1,495,774 shares of the company's stock were exchanged, compared to its average volume of 1,672,395. Wheaton Precious Metals Corp. has a 1 year low of $51.96 and a 1 year high of $87.42. The stock has a 50 day moving average price of $79.07 and a 200 day moving average price of $68.35. The firm has a market cap of $37.67 billion, a P/E ratio of 61.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its 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. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. During the same quarter in the previous year, the business posted $0.36 EPS. The business's quarterly revenue was up 58.4% on a year-over-year basis. Analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WPM. UBS Group lifted their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Raymond James upped their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, April 15th. BMO Capital Markets started coverage on shares of 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. Finally, StockNews.com upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $85.90.

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.