Wheaton Precious Metals Corp. (NYSE:WPM) Stock Position Increased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,027 shares of the company’s stock after purchasing an additional 216 shares during the period. Pacer Advisors Inc.’s holdings in Wheaton Precious Metals were worth $226,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WPM. Versant Capital Management Inc bought a new position in Wheaton Precious Metals in the 4th quarter worth approximately $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $39,000. GAMMA Investing LLC bought a new stake in shares of Wheaton Precious Metals during the fourth quarter valued at about $41,000. St. Johns Investment Management Company LLC acquired a new stake in Wheaton Precious Metals in the third quarter worth about $48,000. Finally, Exchange Traded Concepts LLC bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WPM. Raymond James upped their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. TD Securities increased their price target on Wheaton Precious Metals from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 8th. National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, UBS Group initiated coverage on Wheaton Precious Metals in a report on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $64.02 on Wednesday. The firm has a 50 day simple moving average of $59.39 and a 200 day simple moving average of $60.67. Wheaton Precious Metals Corp. has a 52 week low of $38.57 and a 52 week high of $68.64. The company has a market cap of $29.04 billion, a PE ratio of 47.77, a price-to-earnings-growth ratio of 1.61 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business had revenue of $308.25 million for the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors 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 0.97%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

Wheaton Precious Metals Company 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.