Greenline Partners LLC Acquires 3,025 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Greenline Partners LLC grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 70.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,347 shares of the company's stock after buying an additional 3,025 shares during the quarter. Greenline Partners LLC's holdings in Wheaton Precious Metals were worth $413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $38,000. Headlands Technologies LLC boosted its holdings in shares of Wheaton Precious Metals by 494.9% in the fourth quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after buying an additional 579 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in Wheaton Precious Metals during the fourth quarter worth $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on WPM shares. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price for the company. Raymond James increased their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Scotiabank increased their target price 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. Finally, CIBC increased their target price on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals has an average rating of "Buy" and a consensus target price of $85.90.

Wheaton Precious Metals Stock Down 7.9%

Shares of WPM traded down $6.78 during trading hours on Monday, hitting $78.99. The company had a trading volume of 2,897,460 shares, compared to its average volume of 1,664,183. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 1.91 and a beta of 0.49. The business has a fifty day moving average of $78.08 and a 200-day moving average of $67.83. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data 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. 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 50.05% and a return on equity of 8.85%. The company's revenue was up 58.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 28th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals's payout ratio is presently 48.53%.

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.