Price T Rowe Associates Inc. MD Has $188.93 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Price T Rowe Associates Inc. MD cut its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 38.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,359,351 shares of the company's stock after selling 2,097,583 shares during the period. Price T Rowe Associates Inc. MD owned about 0.74% of Wheaton Precious Metals worth $188,931,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WPM. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter worth about $29,000. Promus Capital LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals in the 4th quarter worth approximately $38,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in Wheaton Precious Metals during the 4th quarter worth $39,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock traded down $0.82 during midday trading on Friday, reaching $80.29. The stock had a trading volume of 526,969 shares, compared to its average volume of 1,645,840. The firm's fifty day simple moving average is $76.12 and its two-hundred day simple moving average is $66.95. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42. The firm has a market cap of $36.43 billion, a price-to-earnings ratio of 59.88, a PEG ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a $0.165 dividend. This is an increase from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. Wheaton Precious Metals's dividend payout ratio is presently 56.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James increased their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, April 15th. Scotiabank boosted their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Royal Bank of Canada upped their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Finally, UBS Group boosted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Wheaton Precious Metals has a consensus rating of "Buy" and a consensus price target of $83.40.

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.