Leigh Baldwin & CO. LLC Purchases New Shares in Wheaton Precious Metals Corp. (NYSE:WPM)

Leigh Baldwin & CO. LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 231,955 shares of the company's stock, valued at approximately $1,304,000. Leigh Baldwin & CO. LLC owned approximately 0.05% of Wheaton Precious Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of WPM. Promus Capital LLC bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $38,000. Laurel Wealth Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. Finally, Headlands Technologies LLC lifted its position 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 worth $39,000 after purchasing an additional 579 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Analysts Set New Price Targets

WPM has been the topic of a number of research reports. UBS Group boosted their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Raymond James boosted their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Stifel Canada raised shares of Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. StockNews.com raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Trading Down 0.5%

Shares of NYSE:WPM traded down $0.42 on Friday, hitting $78.35. The company had a trading volume of 2,161,291 shares, compared to its average volume of 1,675,166. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $87.42. The stock has a market cap of $35.56 billion, a price-to-earnings ratio of 58.47, a P/E/G ratio of 1.91 and a beta of 0.49. The stock has a 50 day moving average price of $78.69 and a 200 day moving average price of $68.12.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The firm had revenue of $470.41 million for the quarter, compared to the consensus estimate of $446.33 million. During the same period in the previous year, the company earned $0.36 earnings per share. The company's quarterly revenue was up 58.4% on a year-over-year basis. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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. Shareholders of record on Wednesday, May 28th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. Wheaton Precious Metals's dividend payout ratio is currently 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.