Wheaton Precious Metals Corp. (NYSE:WPM) Position Boosted by Mad River Investors

Mad River Investors grew its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 147,493 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Wheaton Precious Metals comprises approximately 3.9% of Mad River Investors’ holdings, making the stock its 4th largest holding. Mad River Investors’ holdings in Wheaton Precious Metals were worth $8,295,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Wheaton Precious Metals by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,540 shares of the company’s stock worth $58,422,000 after purchasing an additional 36,970 shares during the period. Well Done LLC boosted its stake in shares of Wheaton Precious Metals by 173.9% during the 3rd quarter. Well Done LLC now owns 38,108 shares of the company’s stock worth $2,328,000 after purchasing an additional 24,196 shares during the period. Lighthouse Investment Partners LLC bought a new position in Wheaton Precious Metals during the 2nd quarter valued at about $1,016,000. Swiss National Bank boosted its position in shares of Wheaton Precious Metals by 0.8% during the third quarter. Swiss National Bank now owns 1,370,800 shares of the company’s stock valued at $83,854,000 after buying an additional 10,600 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Wheaton Precious Metals in the 3rd quarter valued at $1,287,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $57.74 on Tuesday. The stock’s fifty day moving average price is $59.45 and its 200 day moving average price is $60.52. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64. The company has a market cap of $26.19 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 1.27 and a beta of 0.76.

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

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group started coverage on Wheaton Precious Metals in a report on Monday, November 18th. They issued a “buy” rating and a $78.00 price target for the company. Stifel Canada cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bank Financial upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. TD Securities increased their price objective on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Profile

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.