Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by PFG Investments LLC

PFG Investments LLC raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,665 shares of the company’s stock after acquiring an additional 932 shares during the period. PFG Investments LLC’s holdings in Wheaton Precious Metals were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Sprott Inc. boosted its stake in Wheaton Precious Metals by 4.8% in the third quarter. Sprott Inc. now owns 799,533 shares of the company’s stock valued at $32,421,000 after acquiring an additional 36,654 shares in the last quarter. Deutsche Bank AG boosted its stake in Wheaton Precious Metals by 4.4% in the third quarter. Deutsche Bank AG now owns 3,623,133 shares of the company’s stock valued at $146,918,000 after acquiring an additional 152,826 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in Wheaton Precious Metals by 31.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 408,449 shares of the company’s stock valued at $20,153,000 after acquiring an additional 97,535 shares in the last quarter. Vanguard Group Inc. boosted its stake in Wheaton Precious Metals by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,203,069 shares of the company’s stock valued at $657,034,000 after acquiring an additional 248,541 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Wheaton Precious Metals by 18.3% in the third quarter. Mackenzie Financial Corp now owns 3,411,151 shares of the company’s stock valued at $133,849,000 after acquiring an additional 527,358 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 3.7 %

NYSE WPM opened at $46.29 on Thursday. The stock has a market capitalization of $20.97 billion, a P/E ratio of 38.90, a P/E/G ratio of 11.60 and a beta of 0.76. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $52.76. The firm has a 50-day moving average price of $44.54 and a 200 day moving average price of $45.03.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a yield of 1.34%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 50.42%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WPM shares. BMO Capital Markets reduced their target price on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Berenberg Bank upped their target price on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank reduced their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 28th. Jefferies Financial Group started coverage on shares of Wheaton Precious Metals in a report on Thursday, February 29th. They issued a “buy” rating and a $49.00 target price for the company. Finally, National Bank Financial cut shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, February 21st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.81.

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 10, 2017. Wheaton Precious Metals Corp.