Dynamic Advisor Solutions LLC grew its position in Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,691 shares of the company’s stock after buying an additional 767 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Wheaton Precious Metals were worth $366,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Wheaton Precious Metals during the fourth quarter worth about $243,010,000. BlackRock Inc. raised its holdings in Wheaton Precious Metals by 245.5% during the first quarter. BlackRock Inc. now owns 2,530,486 shares of the company’s stock worth $120,401,000 after acquiring an additional 1,798,086 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Wheaton Precious Metals by 41.7% during the first quarter. Renaissance Technologies LLC now owns 2,787,718 shares of the company’s stock worth $132,641,000 after acquiring an additional 821,061 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Wheaton Precious Metals by 665.2% during the first quarter. Neuberger Berman Group LLC now owns 888,189 shares of the company’s stock worth $42,304,000 after acquiring an additional 772,118 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Wheaton Precious Metals by 99.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,498,894 shares of the company’s stock worth $54,006,000 after acquiring an additional 749,011 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Berenberg Bank dropped their target price on Wheaton Precious Metals from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. CIBC upped their target price on Wheaton Precious Metals from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. National Bank Financial lowered Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. BMO Capital Markets dropped their price objective on Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, TD Securities upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating and upped their price objective for the company from $51.00 to $53.00 in a research note on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.65.
View Our Latest Analysis on WPM
Wheaton Precious Metals Stock Performance
Shares of WPM stock opened at $44.89 on Monday. The stock’s fifty day moving average price is $44.67 and its two-hundred day moving average price is $44.98. The company has a market cap of $20.34 billion, a PE ratio of 37.72, a P/E/G ratio of 11.62 and a beta of 0.76. Wheaton Precious Metals Corp. has a fifty-two week low of $38.37 and a fifty-two week high of $52.76.
Wheaton Precious Metals Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 50.42%.
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 10, 2017. Wheaton Precious Metals Corp.
Read More
Want to see what other hedge funds are holding WPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wheaton Precious Metals Corp. (NYSE:WPM – Free Report).
Receive News & Ratings for Wheaton Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wheaton Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.