369,673 Shares in Wheaton Precious Metals Corp. (NYSE:WPM) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 369,673 shares of the company’s stock, valued at approximately $20,790,000. Raymond James Financial Inc. owned about 0.08% of Wheaton Precious Metals at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WPM. FMR LLC lifted 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 last quarter. Van ECK Associates Corp lifted its position in Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Wheaton Precious Metals by 1,865.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,245,534 shares of the company’s stock valued at $76,061,000 after purchasing an additional 1,182,156 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 purchasing an additional 634,843 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Wheaton Precious Metals by 21.3% in the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock valued at $178,551,000 after purchasing an additional 513,890 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WPM. Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They set a “buy” rating and a $78.00 target price on the stock. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $71.67.

Wheaton Precious Metals Stock Up 1.5 %

Shares of WPM stock opened at $73.82 on Monday. The stock has a market cap of $33.49 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 1.91 and a beta of 0.77. The business’s fifty day moving average is $64.72 and its 200 day moving average is $62.70. Wheaton Precious Metals Corp. has a twelve month low of $43.18 and a twelve month high of $74.93.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $380.52 million during the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. Wheaton Precious Metals’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share. Equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.89%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is presently 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.