Guardian Capital LP Sells 181,049 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Guardian Capital LP decreased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 451,928 shares of the company's stock after selling 181,049 shares during the period. Guardian Capital LP owned approximately 0.10% of Wheaton Precious Metals worth $25,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WPM. Barclays PLC raised its position in shares of Wheaton Precious Metals by 9.9% in the 3rd quarter. Barclays PLC now owns 315,914 shares of the company's stock valued at $19,297,000 after acquiring an additional 28,485 shares during the period. Virtu Financial LLC bought a new position in Wheaton Precious Metals during the third quarter worth about $284,000. Te Ahumairangi Investment Management Ltd grew its stake in Wheaton Precious Metals by 1.0% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 67,392 shares of the company's stock valued at $4,097,000 after acquiring an additional 668 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Wheaton Precious Metals in the third quarter worth about $1,832,000. Finally, Tidal Investments LLC raised its holdings in Wheaton Precious Metals by 1.1% during the 3rd quarter. Tidal Investments LLC now owns 791,938 shares of the company's stock worth $48,372,000 after buying an additional 8,399 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Up 2.7 %

Shares of Wheaton Precious Metals stock traded up $2.22 on Monday, hitting $83.06. The stock had a trading volume of 744,593 shares, compared to its average volume of 1,647,093. The stock has a market cap of $37.69 billion, a price-to-earnings ratio of 61.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. The business's 50 day moving average is $76.36 and its two-hundred day moving average is $67.14. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. During the same period in the prior year, the business posted $0.36 EPS. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, April 1st. Wheaton Precious Metals's payout ratio is presently 56.90%.

Wall Street Analyst Weigh In

Several analysts have issued reports on WPM shares. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. Scotiabank raised their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. UBS Group boosted their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target for the company. Finally, Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $83.40.

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.