Wheaton Precious Metals Corp. (NYSE:WPM) Stake Boosted by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,264 shares of the company's stock after buying an additional 67,816 shares during the quarter. Northern Trust Corp owned 0.08% of Wheaton Precious Metals worth $19,586,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on WPM shares. StockNews.com raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. CIBC increased their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Scotiabank increased their target price on 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. Finally, BMO Capital Markets started coverage on Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 target price on the stock. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $85.90.

Wheaton Precious Metals Trading Down 0.5%

NYSE:WPM traded down $0.42 during mid-day trading on Friday, reaching $78.35. 2,161,291 shares of the stock were exchanged, compared to its average volume of 1,675,166. The business has a fifty day moving average price of $78.69 and a 200 day moving average price of $68.12. The firm has a market capitalization of $35.56 billion, a PE ratio of 58.47, a PEG ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 1-year low of $51.96 and a 1-year high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. Wheaton Precious Metals's revenue was up 58.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. On average, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's 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.