National Bank of Canada FI Has $166.10 Million Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

National Bank of Canada FI increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,429,662 shares of the company's stock after purchasing an additional 388,371 shares during the quarter. National Bank of Canada FI owned approximately 0.76% of Wheaton Precious Metals worth $166,102,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its stake in shares of Wheaton Precious Metals by 3.2% in the third quarter. First Eagle Investment Management LLC now owns 20,998,263 shares of the company's stock worth $851,480,000 after buying an additional 644,746 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Wheaton Precious Metals by 9.9% during the fourth quarter. Van ECK Associates Corp now owns 20,521,065 shares of the company's stock valued at $1,012,517,000 after acquiring an additional 1,856,031 shares during the period. Vanguard Group Inc. grew its position in shares of Wheaton Precious Metals by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,203,069 shares of the company's stock valued at $657,034,000 after purchasing an additional 248,541 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Wheaton Precious Metals by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,585,266 shares of the company's stock worth $307,583,000 after purchasing an additional 713,381 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Wheaton Precious Metals by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,862,846 shares of the company's stock worth $197,188,000 after purchasing an additional 110,802 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WPM shares. Raymond James reduced their price objective on Wheaton Precious Metals from $60.00 to $58.00 and set a "market perform" rating for the company in a research report on Thursday, February 22nd. CIBC lifted their price objective on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. Berenberg Bank upped their target price on Wheaton Precious Metals from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, March 27th. TD Securities upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating and lifted their price target for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Finally, Jefferies Financial Group increased their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $59.32.

Wheaton Precious Metals Trading Down 0.6 %

WPM stock traded down $0.34 during trading on Friday, hitting $52.69. 1,788,139 shares of the stock traded hands, compared to its average volume of 2,210,873. The stock has a market cap of $23.88 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 7.17 and a beta of 0.75. Wheaton Precious Metals Corp. has a one year low of $38.37 and a one year high of $54.45. The company has a 50 day simple moving average of $47.84 and a 200 day simple moving average of $46.84.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. The company had revenue of $313.47 million during the quarter, compared to analysts' expectations of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a return on equity of 7.76%. As a group, analysts predict that Wheaton Precious Metals Corp. will post 1.26 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 Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, April 2nd. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.15. Wheaton Precious Metals's dividend payout ratio is presently 52.10%.

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.