Tower Research Capital LLC TRC Buys 9,460 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Tower Research Capital LLC TRC lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 355.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,121 shares of the company's stock after acquiring an additional 9,460 shares during the period. Tower Research Capital LLC TRC's holdings in Wheaton Precious Metals were worth $682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes 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 worth $19,297,000 after purchasing an additional 28,485 shares in the last quarter. Virtu Financial LLC bought a new stake in Wheaton Precious Metals in the 3rd quarter worth approximately $284,000. Te Ahumairangi Investment Management Ltd boosted its stake in 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 worth $4,097,000 after buying an additional 668 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Wheaton Precious Metals during the third quarter valued at approximately $1,832,000. Finally, Tidal Investments LLC raised its stake in shares of Wheaton Precious Metals by 1.1% during the third quarter. Tidal Investments LLC now owns 791,938 shares of the company's stock worth $48,372,000 after acquiring an additional 8,399 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.7 %

NYSE:WPM opened at $81.62 on Monday. The firm's fifty day simple moving average is $75.08 and its 200 day simple moving average is $66.44. The stock has a market cap of $37.03 billion, a P/E ratio of 60.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. Wheaton Precious Metals Corp. has a twelve month low of $51.80 and a twelve month high of $87.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results 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). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million for the quarter, compared to the consensus estimate of $395.74 million. During the same period in the previous year, the firm posted $0.36 EPS. The company's revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.16. Wheaton Precious Metals's dividend payout ratio is currently 56.90%.

Wall Street Analysts Forecast Growth

WPM has been the topic of several recent research reports. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price on the stock. UBS Group raised their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research note on Friday, April 11th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday. Stifel Canada upgraded Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. 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's stock. According to MarketBeat.com, Wheaton Precious Metals has an average rating of "Buy" and a consensus price target of $83.40.

Wheaton Precious Metals Company 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.

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