Edmond DE Rothschild Holding S.A. Grows Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Edmond DE Rothschild Holding S.A. raised its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,178 shares of the company’s stock after purchasing an additional 4,834 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Wheaton Precious Metals were worth $3,666,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the 4th quarter valued at about $29,000. Promus Capital LLC purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at about $38,000. Laurel Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at approximately $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Up 1.0 %

Shares of WPM stock opened at $77.64 on Tuesday. Wheaton Precious Metals Corp. has a 52-week low of $47.02 and a 52-week high of $78.10. The stock has a market cap of $35.22 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. The business has a 50-day simple moving average of $68.84 and a 200-day simple moving average of $63.92.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $380.52 million during the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be issued a $0.165 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. Wheaton Precious Metals’s payout ratio is presently 56.90%.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of research analyst reports. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank raised their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 17th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $72.44.

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.