Montrusco Bolton Investments Inc. Has $15.37 Million Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

Montrusco Bolton Investments Inc. reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,217 shares of the company’s stock after selling 22,091 shares during the period. Montrusco Bolton Investments Inc. owned approximately 0.06% of Wheaton Precious Metals worth $15,371,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC lifted its stake in shares of Wheaton Precious Metals by 3.9% in 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. Insigneo Advisory Services LLC boosted its position in shares of Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock worth $522,000 after purchasing an additional 187 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Wheaton Precious Metals by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after buying an additional 196 shares during the period. Vontobel Holding Ltd. increased its position in Wheaton Precious Metals by 0.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 34,558 shares of the company’s stock valued at $2,110,000 after buying an additional 197 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in Wheaton Precious Metals by 1.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 21,575 shares of the company’s stock worth $1,318,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on WPM. National Bank Financial upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. UBS Group began coverage on shares of Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Raymond James boosted their target price on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. TD Securities raised their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Trading Up 2.0 %

Shares of Wheaton Precious Metals stock opened at $60.40 on Wednesday. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64. The firm has a market capitalization of $27.40 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. The business’s fifty day simple moving average is $59.39 and its 200 day simple moving average is $60.61.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $308.25 million during the quarter, compared to analyst estimates of $324.57 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. Analysts predict that Wheaton Precious Metals Corp. will post 1.45 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 1.03%. Wheaton Precious Metals’s payout ratio is currently 46.27%.

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.