Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by PFG Investments LLC

PFG Investments LLC increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 9.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,665 shares of the company’s stock after buying an additional 932 shares during the period. PFG Investments LLC’s holdings in Wheaton Precious Metals were worth $526,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. First Eagle Investment Management LLC boosted its holdings in shares of Wheaton Precious Metals by 3.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 20,998,263 shares of the company’s stock valued at $851,480,000 after buying an additional 644,746 shares during the period. Vanguard Group Inc. boosted its stake in Wheaton Precious Metals by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,203,069 shares of the company’s stock valued at $657,034,000 after purchasing an additional 248,541 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Wheaton Precious Metals by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,585,266 shares of the company’s stock valued at $307,583,000 after purchasing an additional 713,381 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Wheaton Precious Metals by 6.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344,956 shares of the company’s stock valued at $301,893,000 after purchasing an additional 361,138 shares during the period. Finally, Norges Bank acquired a new position in Wheaton Precious Metals during the 4th quarter valued at about $243,010,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

WPM stock opened at $46.29 on Thursday. Wheaton Precious Metals Corp. has a 52-week low of $38.37 and a 52-week high of $52.76. The company’s 50 day simple moving average is $44.54 and its 200-day simple moving average is $45.03. The firm has a market capitalization of $20.97 billion, a P/E ratio of 38.90, a P/E/G ratio of 11.60 and a beta of 0.76.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, April 2nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s payout ratio is currently 50.42%.

Analysts Set New Price Targets

A number of research firms have issued reports on WPM. Raymond James reduced their target price on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, February 22nd. Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday. National Bank Financial lowered shares of Wheaton Precious Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 21st. Scotiabank reduced their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Jefferies Financial Group started coverage on shares of Wheaton Precious Metals in a research note on Thursday, February 29th. They set a “buy” rating and a $49.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.81.

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 10, 2017. Wheaton Precious Metals Corp.