Wheaton Precious Metals Corp. (NYSE:WPM) Stock Holdings Decreased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC decreased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,017 shares of the company’s stock after selling 154 shares during the period. Arete Wealth Advisors LLC’s holdings in Wheaton Precious Metals were worth $395,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $29,000. Promus Capital LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals during the fourth quarter worth $38,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the fourth quarter valued at $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in Wheaton Precious Metals during the fourth quarter valued at $39,000. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

WPM has been the subject of several research reports. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank lifted their target price 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. Raymond James increased their price target on Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank of Canada boosted their price objective on Wheaton Precious Metals from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $74.50.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $70.99 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $49.41 and a 1-year high of $80.43. The company has a market capitalization of $32.21 billion, a P/E ratio of 52.98, a PEG ratio of 1.91 and a beta of 0.74. The business’s fifty day moving average price is $70.17 and its two-hundred day moving average price is $64.30.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The company had revenue of $380.52 million during the quarter, compared to the consensus estimate of $395.74 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s quarterly revenue was up 21.4% on a year-over-year basis. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s dividend payout ratio is 56.90%.

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.