Fox Run Management L.L.C. Buys Shares of 18,203 Wheaton Precious Metals Corp. (NYSE:WPM)

Fox Run Management L.L.C. bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,203 shares of the company’s stock, valued at approximately $1,024,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Wheaton Precious Metals in the fourth quarter valued at $29,000. Promus Capital LLC purchased a new stake in Wheaton Precious Metals in the fourth quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Wheaton Precious Metals in the fourth quarter valued at $38,000. Laurel Wealth Advisors LLC purchased a new stake in Wheaton Precious Metals in the fourth quarter valued at $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Wheaton Precious Metals in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Wheaton Precious Metals Price Performance

WPM opened at $75.02 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $44.57 and a 12 month high of $77.44. The stock has a market capitalization of $34.03 billion, a price-to-earnings ratio of 55.98, a PEG ratio of 1.91 and a beta of 0.76. The business has a fifty day moving average price of $66.57 and a 200 day moving average price of $63.19.

Wheaton Precious Metals (NYSE:WPM) last released 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 company had revenue of $380.52 million for the quarter, compared to analyst estimates of $395.74 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.88%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is presently 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.