Wheaton Precious Metals Corp. (NYSE:WPM) Shares Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 79.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,432 shares of the company’s stock after purchasing an additional 4,176 shares during the quarter. Blueshift Asset Management LLC’s holdings in Wheaton Precious Metals were worth $530,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $29,000. Promus Capital LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $38,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank boosted their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Monday. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Buy” and an average target price of $72.44.

Wheaton Precious Metals Stock Performance

WPM stock opened at $75.58 on Friday. Wheaton Precious Metals Corp. has a one year low of $44.57 and a one year high of $77.44. The firm has a market cap of $34.29 billion, a PE ratio of 56.41, a PEG ratio of 1.91 and a beta of 0.76. The firm’s 50 day moving average price is $66.21 and its 200-day moving average price is $63.07.

Wheaton Precious Metals (NYSE:WPM) last posted its 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 net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million during the quarter, compared to analysts’ expectations of $395.74 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Wheaton Precious Metals’s revenue for the quarter was up 21.4% compared to the same quarter last year. Equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s dividend payout ratio is 49.25%.

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.