Lido Advisors LLC Acquires New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Lido Advisors LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,458 shares of the company's stock, valued at approximately $363,000.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at about $472,648,000. Capital International Investors purchased a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $263,810,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $72,657,000. Van ECK Associates Corp boosted its stake in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company's stock valued at $1,154,843,000 after buying an additional 1,231,999 shares in the last quarter. Finally, FMR LLC grew its holdings in Wheaton Precious Metals by 5.9% during the fourth quarter. FMR LLC now owns 15,529,219 shares of the company's stock worth $873,995,000 after acquiring an additional 863,306 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Up 3.3 %

Shares of WPM stock opened at $83.48 on Tuesday. The company has a market capitalization of $37.88 billion, a price-to-earnings ratio of 62.30, a PEG ratio of 1.91 and a beta of 0.49. The firm has a 50-day moving average price of $76.62 and a 200 day moving average price of $67.26. 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 announced its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $380.52 million for the quarter, compared to analysts' expectations of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

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

Analyst Upgrades and Downgrades

WPM has been the topic of several research analyst reports. Raymond James boosted their target price 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. Scotiabank upped 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 research report on Monday, April 14th. UBS Group lifted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Royal Bank of Canada upped their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Finally, Stifel Canada raised 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 assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Wheaton Precious Metals currently 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.

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