Natixis Has $2.36 Million Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Natixis grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,005 shares of the company's stock after purchasing an additional 11,146 shares during the quarter. Natixis' holdings in Wheaton Precious Metals were worth $2,362,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WPM. Fielder Capital Group LLC increased its position in Wheaton Precious Metals by 0.7% during the fourth quarter. Fielder Capital Group LLC now owns 24,701 shares of the company's stock worth $1,389,000 after acquiring an additional 176 shares during the period. Signaturefd LLC increased its position in Wheaton Precious Metals by 1.5% during the fourth quarter. Signaturefd LLC now owns 11,877 shares of the company's stock worth $668,000 after acquiring an additional 178 shares during the period. Merit Financial Group LLC increased its position in Wheaton Precious Metals by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 4,818 shares of the company's stock worth $271,000 after acquiring an additional 179 shares during the period. Principal Financial Group Inc. increased its position in Wheaton Precious Metals by 1.0% during the third quarter. Principal Financial Group Inc. now owns 19,761 shares of the company's stock worth $1,208,000 after acquiring an additional 196 shares during the period. Finally, Pacer Advisors Inc. increased its position in Wheaton Precious Metals by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,027 shares of the company's stock worth $226,000 after acquiring an additional 216 shares during the period. 70.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on WPM. BMO Capital Markets began coverage on shares of Wheaton Precious Metals in a research report on Wednesday, April 16th. They set an "outperform" rating and a $129.00 price target on the stock. UBS Group boosted their target price on shares of 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 lifted their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a "sector outperform" rating in a research note on Monday, April 14th. Raymond James boosted their price objective 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. Finally, Royal Bank of Canada raised their target price 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. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $83.40.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM traded down $0.55 during midday trading on Friday, hitting $81.62. 1,463,968 shares of the stock were exchanged, compared to its average volume of 1,648,206. The business's 50-day moving average price is $75.08 and its 200 day moving average price is $66.44. Wheaton Precious Metals Corp. has a 12 month low of $51.80 and a 12 month high of $87.42. The stock has a market capitalization of $37.03 billion, a price-to-earnings ratio of 60.91, a P/E/G ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. As a group, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid 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 dividend yield of 0.81%. Wheaton Precious Metals's dividend payout ratio is presently 56.90%.

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.