Wheaton Precious Metals Corp. (NYSE:WPM) Stake Raised by Mad River Investors

Mad River Investors increased its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,493 shares of the company’s stock after purchasing an additional 205 shares during the quarter. Wheaton Precious Metals accounts for approximately 3.9% of Mad River Investors’ portfolio, making the stock its 4th biggest position. Mad River Investors’ holdings in Wheaton Precious Metals were worth $8,295,000 as of its most recent SEC filing.

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

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $57.74 on Tuesday. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 1.27 and a beta of 0.76. The firm’s fifty day simple moving average is $59.45 and its 200-day simple moving average is $60.52. Wheaton Precious Metals Corp. has a 12 month low of $38.57 and a 12 month high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, hitting 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 company had revenue of $308.25 million during the quarter, compared to analysts’ expectations of $324.57 million. During the same period last year, the firm earned $0.27 EPS. 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. Shareholders of record on Thursday, November 21st were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.62 dividend on an annualized basis and a yield of 1.07%. Wheaton Precious Metals’s payout ratio is currently 46.27%.

Analyst Upgrades and Downgrades

WPM has been the topic of several analyst reports. UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 price objective on the stock. Stifel Canada downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Securities raised 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. Jefferies Financial Group upped their price objective on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.