XML Financial LLC Invests $461,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

XML Financial LLC acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,197 shares of the company’s stock, valued at approximately $461,000.

A number of other institutional investors have also modified their holdings of WPM. FMR LLC raised its position in Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after purchasing an additional 3,692,594 shares during the period. Canoe Financial LP purchased a new stake in shares of Wheaton Precious Metals during the 3rd quarter valued at about $113,017,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Wheaton Precious Metals by 1,865.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock worth $76,061,000 after acquiring an additional 1,182,156 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Wheaton Precious Metals by 90.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,344,131 shares of the company’s stock worth $70,461,000 after acquiring an additional 638,425 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Wheaton Precious Metals by 22.5% in the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock valued at $211,207,000 after acquiring an additional 634,843 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.8 %

WPM opened at $58.97 on Thursday. The company’s 50-day moving average price is $59.45 and its 200 day moving average price is $60.54. Wheaton Precious Metals Corp. has a fifty-two week low of $38.57 and a fifty-two week high of $68.64. The firm has a market cap of $26.75 billion, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 1.30 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 (EPS) 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 in the previous year, the firm posted $0.27 EPS. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were issued a $0.155 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.05%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 46.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WPM shares. UBS Group assumed coverage on shares of Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 price target for the company. Jefferies Financial Group boosted their price target on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Raymond James raised their price objective on Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. TD Securities upped their target price on 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 downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

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.