Value Partners Investments Inc. Raises Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Value Partners Investments Inc. increased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 25.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,732 shares of the company's stock after acquiring an additional 2,952 shares during the period. Value Partners Investments Inc.'s holdings in Wheaton Precious Metals were worth $1,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WPM. Golden State Wealth Management LLC boosted its stake in shares of Wheaton Precious Metals by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 2,200 shares of the company's stock valued at $171,000 after purchasing an additional 1,100 shares in the last quarter. Spire Wealth Management boosted its position in Wheaton Precious Metals by 56.4% during the 1st quarter. Spire Wealth Management now owns 8,877 shares of the company's stock worth $689,000 after buying an additional 3,200 shares during the period. Global Assets Advisory LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $622,000. Continuum Advisory LLC grew its holdings in Wheaton Precious Metals by 9.0% during the 1st quarter. Continuum Advisory LLC now owns 1,823 shares of the company's stock worth $142,000 after acquiring an additional 151 shares during the last quarter. Finally, XML Financial LLC increased its position in Wheaton Precious Metals by 5.2% in the 1st quarter. XML Financial LLC now owns 8,622 shares of the company's stock valued at $669,000 after acquiring an additional 425 shares during the period. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Up 1.0%

WPM traded up $0.89 during midday trading on Thursday, hitting $90.19. The company had a trading volume of 1,637,677 shares, compared to its average volume of 1,695,740. The stock's 50 day moving average price is $85.68 and its 200 day moving average price is $73.12. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $95.23. The company has a market capitalization of $40.94 billion, a price-to-earnings ratio of 66.32, a PEG ratio of 2.71 and a beta of 0.46.

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 for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The business had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same period in the prior year, the business earned $0.36 EPS. The firm's revenue for the quarter was up 58.4% on a year-over-year basis. Research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.73%. Wheaton Precious Metals's payout ratio is 48.53%.

Wall Street Analyst Weigh In

WPM has been the topic of a number of recent research reports. Scotiabank lifted their price target on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. BMO Capital Markets started coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price on the stock. 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. Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, CIBC upped their target price 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 equities research 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 MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Buy" and an average target price of $86.90.

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.