5,986 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Purchased by White Oak Capital Partners Pte. Ltd.

White Oak Capital Partners Pte. Ltd. acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,986 shares of the company’s stock, valued at approximately $336,000. Wheaton Precious Metals makes up about 0.2% of White Oak Capital Partners Pte. Ltd.’s holdings, making the stock its 12th biggest position.

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

Wheaton Precious Metals Stock Down 1.9 %

Shares of WPM stock opened at $83.49 on Wednesday. The business’s 50 day moving average is $74.25 and its two-hundred day moving average is $65.94. Wheaton Precious Metals Corp. has a 12 month low of $50.95 and a 12 month high of $87.42. The company has a market cap of $37.88 billion, a PE ratio of 62.31, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same quarter last year, the business earned $0.36 EPS. The business’s revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid 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 yield of 0.79%. Wheaton Precious Metals’s dividend payout ratio is presently 56.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WPM shares. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group boosted their price target on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a report on Friday, April 11th. BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They set an “outperform” rating and a $129.00 price objective for the company. Scotiabank boosted their target price on 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. Finally, Raymond James raised their price target on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $83.40.

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.