Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada raised its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,424,930 shares of the company's stock after acquiring an additional 447,702 shares during the period. Royal Bank of Canada owned approximately 2.08% of Wheaton Precious Metals worth $530,057,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WPM. Barclays PLC boosted its holdings in shares of Wheaton Precious Metals by 9.9% in the 3rd quarter. Barclays PLC now owns 315,914 shares of the company's stock valued at $19,297,000 after acquiring an additional 28,485 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $282,000. Avanza Fonder AB purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $2,455,000. Merit Financial Group LLC boosted its holdings in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock valued at $271,000 after acquiring an additional 179 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of Wheaton Precious Metals by 10.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 9,343 shares of the company's stock valued at $525,000 after acquiring an additional 897 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 3.3%

WPM stock traded up $2.65 during midday trading on Tuesday, reaching $83.01. The stock had a trading volume of 1,495,774 shares, compared to its average volume of 1,672,395. The company's fifty day simple moving average is $78.87 and its 200 day simple moving average is $68.24. The company has a market cap of $37.67 billion, a price-to-earnings ratio of 61.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm's revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 48.53%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday, April 23rd. StockNews.com raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group increased their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. CIBC lifted their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Finally, Raymond James increased their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of "Buy" and a consensus price target of $85.90.

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.