Mariner LLC Acquires 6,336 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Mariner LLC boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 17.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,637 shares of the company's stock after buying an additional 6,336 shares during the period. Mariner LLC's holdings in Wheaton Precious Metals were worth $2,454,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the 4th quarter valued at about $29,000. Promus Capital LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $38,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WPM shares. UBS Group lifted 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 note on Friday, April 11th. Royal Bank of Canada raised their target price on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price for the company. Scotiabank raised 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, Stifel Canada upgraded 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 issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $83.40.

Wheaton Precious Metals Trading Up 0.5 %

Wheaton Precious Metals stock traded up $0.42 on Monday, reaching $82.07. 1,704,890 shares of the stock were exchanged, compared to its average volume of 1,648,433. The stock has a market cap of $37.24 billion, a PE ratio of 61.25, a PEG ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a twelve month low of $51.80 and a twelve month high of $87.42. The firm has a fifty day moving average price of $75.33 and a two-hundred day moving average price of $66.59.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released 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). The firm had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm's revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio is currently 56.90%.

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.