USS Investment Management Ltd Takes Position in Wheaton Precious Metals Corp. (NYSE:WPM)

USS Investment Management Ltd purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 101,970 shares of the company's stock, valued at approximately $5,707,000.

Several other large investors have also recently bought and sold shares of the business. Promus Capital LLC acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $38,000. Headlands Technologies LLC increased its position in Wheaton Precious Metals by 494.9% in the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock worth $39,000 after purchasing an additional 579 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $39,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $41,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 0.0%

WPM stock traded down $0.04 during midday trading on Wednesday, reaching $85.32. 485,000 shares of the company's stock traded hands, compared to its average volume of 1,674,000. The company has a 50-day simple moving average of $80.10 and a two-hundred day simple moving average of $69.08. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $87.42. The company has a market cap of $38.72 billion, a price-to-earnings ratio of 63.64, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced 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. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $470.41 million during the quarter, compared to analysts' expectations of $446.33 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm's quarterly revenue was up 58.4% compared to the same quarter last year. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.77%. Wheaton Precious Metals's payout ratio is presently 48.53%.

Wall Street Analyst Weigh In

WPM has been the topic of several research reports. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Royal Bank of Canada upped their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Raymond James upped their target price on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Finally, CIBC increased their price objective on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target 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.