Manatuck Hill Partners LLC Invests $844,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Manatuck Hill Partners LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the company's stock, valued at approximately $844,000.

Several other institutional investors and hedge funds have also bought and sold shares of WPM. Barclays PLC lifted its holdings in shares of Wheaton Precious Metals by 9.9% during the third quarter. Barclays PLC now owns 315,914 shares of the company's stock valued at $19,297,000 after purchasing an additional 28,485 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Wheaton Precious Metals during the third quarter valued at approximately $284,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Wheaton Precious Metals in the third quarter worth $1,832,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at about $213,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock worth $1,208,000 after acquiring an additional 196 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 0.6 %

WPM traded down $0.51 during trading on Wednesday, hitting $85.26. The company's stock had a trading volume of 673,229 shares, compared to its average volume of 1,651,025. The firm has a market capitalization of $38.68 billion, a price-to-earnings ratio of 63.66, a P/E/G ratio of 1.91 and a beta of 0.49. The business's fifty day simple moving average is $76.98 and its 200 day simple moving average is $67.39. 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 earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $380.52 million for the quarter, compared to analysts' expectations of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. Wheaton Precious Metals's dividend payout ratio is 56.90%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James upped 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. UBS Group increased their price objective 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. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. 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 objective for the company. Finally, Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. One research 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $83.40.

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.