Triasima Portfolio Management inc. Has $3.69 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Triasima Portfolio Management inc. raised its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,500 shares of the company's stock after purchasing an additional 6,500 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Wheaton Precious Metals were worth $3,685,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WPM. Vanguard Group Inc. lifted its position in Wheaton Precious Metals by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company's stock worth $994,733,000 after buying an additional 281,123 shares in the last quarter. FMR LLC lifted its position in Wheaton Precious Metals by 5.9% in the 4th quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after buying an additional 863,306 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Wheaton Precious Metals by 5.0% during the 4th quarter. Royal Bank of Canada now owns 9,424,930 shares of the company's stock valued at $530,057,000 after purchasing an additional 447,702 shares in the last quarter. Norges Bank bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at $472,648,000. Finally, TD Asset Management Inc. raised its holdings in shares of Wheaton Precious Metals by 9.6% during the 4th quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company's stock valued at $402,627,000 after purchasing an additional 629,743 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 1.6%

NYSE WPM traded down $1.45 during midday trading on Thursday, hitting $89.05. The company had a trading volume of 1,650,858 shares, compared to its average volume of 1,720,909. The stock has a market cap of $40.42 billion, a price-to-earnings ratio of 65.48, a P/E/G ratio of 2.66 and a beta of 0.46. The firm has a fifty day simple moving average of $87.75 and a two-hundred day simple moving average of $76.31. Wheaton Precious Metals Corp. has a fifty-two week low of $53.05 and a fifty-two week high of $95.23.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 42.45% and a return on equity of 10.32%. The business's quarterly revenue was up 58.4% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WPM shares. Raymond James Financial raised their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, April 15th. CIBC restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. 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 report on Friday, April 11th. Finally, Royal Bank Of Canada raised their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $93.00.

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.