Fox Run Management L.L.C. Invests $1.02 Million in Wheaton Precious Metals Corp. (NYSE:WPM)

Fox Run Management L.L.C. acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,203 shares of the company’s stock, valued at approximately $1,024,000.

Several other institutional investors and hedge funds have also made changes to their positions in WPM. FMR LLC boosted its position in shares of Wheaton Precious Metals by 33.7% during the 3rd quarter. FMR LLC now owns 14,665,913 shares of the company’s stock worth $895,723,000 after acquiring an additional 3,692,594 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 6.4% in the 4th 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 holdings in shares of Wheaton Precious Metals by 1,865.2% in the 3rd 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 holdings in shares of Wheaton Precious Metals by 22.5% in the 3rd 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 holdings 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 valued at $178,551,000 after purchasing an additional 513,890 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on WPM. Scotiabank upped their price objective on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research note on Monday, March 17th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Buy” and an average target price of $72.44.

Wheaton Precious Metals Trading Down 0.7 %

Shares of WPM stock opened at $75.02 on Friday. The company has a market cap of $34.03 billion, a price-to-earnings ratio of 55.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The stock has a 50 day simple moving average of $66.57 and a 200-day simple moving average of $63.19. Wheaton Precious Metals Corp. has a 12-month low of $44.57 and a 12-month high of $77.44.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities analysts forecast 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 issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s dividend payout ratio is currently 49.25%.

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.