Ossiam Has $6.67 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Ossiam lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 84.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,593 shares of the company's stock after purchasing an additional 54,314 shares during the quarter. Ossiam's holdings in Wheaton Precious Metals were worth $6,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Inc. CA lifted its holdings in shares of Wheaton Precious Metals by 28.8% during the 4th quarter. Capital International Inc. CA now owns 98,535 shares of the company's stock worth $5,542,000 after acquiring an additional 22,005 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Wheaton Precious Metals by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 621,196 shares of the company's stock valued at $34,936,000 after purchasing an additional 50,014 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Wheaton Precious Metals by 701.8% in the 4th quarter. First Trust Advisors LP now owns 108,190 shares of the company's stock valued at $6,085,000 after purchasing an additional 94,696 shares during the period. Capital International Investors acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $263,810,000. Finally, Capital International Sarl boosted its stake in Wheaton Precious Metals by 34.1% in the 4th quarter. Capital International Sarl now owns 33,991 shares of the company's stock valued at $1,912,000 after buying an additional 8,643 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WPM shares. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Wednesday. Raymond James upped their target price on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. UBS Group upped their price objective on Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Royal Bank of Canada lifted their target price 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. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $83.40.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM traded down $0.66 during midday trading on Friday, reaching $81.51. 649,442 shares of the stock were exchanged, compared to its average volume of 1,648,161. Wheaton Precious Metals Corp. has a 12 month low of $51.42 and a 12 month high of $87.42. The business has a 50-day simple moving average of $74.82 and a two-hundred day simple moving average of $66.20. The company has a market capitalization of $36.98 billion, a price-to-earnings ratio of 60.77, a P/E/G ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. During the same period in the prior year, the business earned $0.36 EPS. The company's revenue for the quarter was up 21.4% compared to the same quarter last year. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share 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. Stockholders of record on Tuesday, April 1st were given a dividend of $0.165 per share. 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 annualized dividend and a dividend yield of 0.81%. Wheaton Precious Metals's dividend payout ratio is currently 56.90%.

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.