Guardian Capital Advisors LP Has $2.69 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Guardian Capital Advisors LP boosted its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 514.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,455 shares of the company's stock after purchasing an additional 46,435 shares during the quarter. Guardian Capital Advisors LP's holdings in Wheaton Precious Metals were worth $2,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fielder Capital Group LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter worth about $1,046,000. Sprott Inc. boosted its holdings in Wheaton Precious Metals by 4.8% in the third quarter. Sprott Inc. now owns 799,533 shares of the company's stock worth $32,421,000 after acquiring an additional 36,654 shares in the last quarter. Douglas Lane & Associates LLC grew its stake in Wheaton Precious Metals by 31.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company's stock valued at $20,153,000 after acquiring an additional 97,535 shares during the period. Deutsche Bank AG increased its holdings in shares of Wheaton Precious Metals by 4.4% during the third quarter. Deutsche Bank AG now owns 3,623,133 shares of the company's stock valued at $146,918,000 after acquiring an additional 152,826 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $1,509,000. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Wednesday, February 21st. Jefferies Financial Group lifted their price objective on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the company a "buy" rating in a report on Monday, April 22nd. Raymond James lowered their target price on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a "market perform" rating on the stock in a report on Thursday, February 22nd. TD Securities upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating and lifted their price target for the company from $51.00 to $53.00 in a research note on Monday, March 18th. Finally, CIBC boosted 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.25.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $0.79 on Tuesday, hitting $55.36. The stock had a trading volume of 1,464,987 shares, compared to its average volume of 2,075,255. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $57.33. The firm's fifty day simple moving average is $49.75 and its two-hundred day simple moving average is $47.43. The stock has a market cap of $25.10 billion, a P/E ratio of 42.58, a price-to-earnings-growth ratio of 7.43 and a beta of 0.75.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a return on equity of 8.59% and a net margin of 53.74%. The company had revenue of $296.80 million during the quarter, compared to the consensus estimate of $278.95 million. During the same period last year, the business posted $0.23 earnings per share. Wheaton Precious Metals's revenue was up 38.7% on a year-over-year basis. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.26 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals's payout ratio is 47.69%.

Wheaton Precious Metals Company 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.

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