XML Financial LLC Buys New Stake in Wheaton Precious Metals Corp. (NYSE:WPM)

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

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after purchasing an additional 3,692,594 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Wheaton Precious Metals by 22.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after buying an additional 634,843 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Wheaton Precious Metals by 21.3% in the 3rd quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after acquiring an additional 513,890 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Wheaton Precious Metals by 10.6% in the third quarter. CIBC Asset Management Inc now owns 2,273,160 shares of the company’s stock valued at $140,099,000 after acquiring an additional 218,575 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Wheaton Precious Metals by 5.9% during the third quarter. Geode Capital Management LLC now owns 2,002,629 shares of the company’s stock valued at $121,939,000 after acquiring an additional 111,769 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $58.97 on Thursday. The company has a 50-day moving average of $59.45 and a two-hundred day moving average of $60.54. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 1.30 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year 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 the consensus estimate of $0.34. The firm had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same period in the previous year, the company posted $0.27 EPS. Analysts anticipate that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 46.27%.

Analysts Set New Price Targets

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

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.