Oxford Asset Management LLP Buys Shares of 5,879 Wheaton Precious Metals Corp. (NYSE:WPM)

Oxford Asset Management LLP purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,879 shares of the company's stock, valued at approximately $331,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC grew its position in shares of Wheaton Precious Metals by 9.9% in the third quarter. Barclays PLC now owns 315,914 shares of the company's stock valued at $19,297,000 after purchasing an additional 28,485 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Wheaton Precious Metals in the third quarter valued at $284,000. Te Ahumairangi Investment Management Ltd grew its position in shares of Wheaton Precious Metals by 1.0% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 67,392 shares of the company's stock valued at $4,097,000 after purchasing an additional 668 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Wheaton Precious Metals in the third quarter valued at $1,832,000. Finally, Tidal Investments LLC grew its position in shares of Wheaton Precious Metals by 1.1% in the third quarter. Tidal Investments LLC now owns 791,938 shares of the company's stock valued at $48,372,000 after purchasing an additional 8,399 shares in the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WPM. UBS Group raised their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Scotiabank increased their price target on shares of 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 shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $83.40.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM traded up $1.68 during midday trading on Wednesday, reaching $83.51. The stock had a trading volume of 2,686,435 shares, compared to its average volume of 1,649,135. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 62.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. The stock has a 50-day moving average of $75.88 and a 200-day moving average of $66.81. Wheaton Precious Metals Corp. has a 12-month low of $51.96 and a 12-month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The business had revenue of $380.52 million during the quarter, compared to analysts' expectations of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, analysts forecast 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. Investors of record on Tuesday, April 1st were issued a dividend of $0.165 per share. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.79%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 56.90%.

About Wheaton Precious Metals

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.