Wheaton Precious Metals Corp. (NYSE:WPM) Stock Position Increased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 426.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 957,339 shares of the company's stock after purchasing an additional 775,588 shares during the period. Montrusco Bolton Investments Inc. owned about 0.21% of Wheaton Precious Metals worth $47,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fielder Capital Group LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth about $1,046,000. Sprott Inc. grew its stake in shares of Wheaton Precious Metals by 4.8% in the 3rd quarter. Sprott Inc. now owns 799,533 shares of the company's stock valued at $32,421,000 after purchasing an additional 36,654 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in shares of 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 purchasing an additional 97,535 shares during the period. Deutsche Bank AG raised its stake 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 worth $146,918,000 after purchasing an additional 152,826 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $1,509,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on WPM. Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, March 27th. TD Securities raised Wheaton Precious Metals from a "hold" rating to a "buy" rating and lifted their price objective for the company from $51.00 to $53.00 in a report on Monday, March 18th. CIBC increased their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Raymond James decreased their price target on Wheaton Precious Metals from $60.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday, February 22nd. Finally, BMO Capital Markets cut their price objective on 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.25.

Wheaton Precious Metals Stock Performance

NYSE:WPM traded up $1.18 during mid-day trading on Friday, hitting $57.01. 1,778,346 shares of the company's stock traded hands, compared to its average volume of 1,698,095. The company has a market cap of $25.84 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 7.45 and a beta of 0.75. The firm's 50 day simple moving average is $50.47 and its 200 day simple moving average is $47.68. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $57.33.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. The firm had revenue of $296.80 million during the quarter, compared to the consensus estimate of $278.95 million. Wheaton Precious Metals had a return on equity of 8.53% and a net margin of 53.74%. The company's quarterly revenue was up 38.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. On average, research analysts expect that Wheaton Precious Metals Corp. will post 1.28 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, May 29th. Wheaton Precious Metals's payout ratio is 47.69%.

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.