Stifel Financial Corp Acquires 24,588 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Stifel Financial Corp lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 29.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,690 shares of the company's stock after buying an additional 24,588 shares during the period. Stifel Financial Corp's holdings in Wheaton Precious Metals were worth $6,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at $29,000. Promus Capital LLC purchased a new stake in Wheaton Precious Metals during the fourth quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Wheaton Precious Metals during the fourth quarter worth about $38,000. Laurel Wealth Advisors LLC purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at approximately $39,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $2.05 during trading hours on Monday, hitting $82.89. 515,175 shares of the company were exchanged, compared to its average volume of 1,831,112. The firm's 50 day moving average is $76.36 and its 200-day moving average is $67.14. Wheaton Precious Metals Corp. has a 52 week low of $51.96 and a 52 week high of $87.42. The company has a market cap of $37.61 billion, a PE ratio of 61.85, a PEG ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The firm had revenue of $380.52 million during 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%. Wheaton Precious Metals's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.165 dividend. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.80%. Wheaton Precious Metals's dividend payout ratio is 56.90%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WPM. UBS Group raised their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Scotiabank raised their target price on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Royal Bank of Canada upped their price target on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, National Bankshares reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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.