Wheaton Precious Metals Corp. (NYSE:WPM) Holdings Increased by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 54.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,836 shares of the company’s stock after buying an additional 19,924 shares during the quarter. Wheaton Precious Metals comprises 0.9% of Financial Sense Advisors Inc.’s holdings, making the stock its 28th biggest position. Financial Sense Advisors Inc.’s holdings in Wheaton Precious Metals were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fielder Capital Group LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $1,046,000. King Luther Capital Management Corp bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth about $6,154,000. Marketfield Asset Management LLC raised its position in shares of Wheaton Precious Metals by 61.0% during the 4th quarter. Marketfield Asset Management LLC now owns 88,025 shares of the company’s stock worth $4,343,000 after buying an additional 33,337 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Wheaton Precious Metals by 0.8% during the 4th quarter. Alberta Investment Management Corp now owns 957,947 shares of the company’s stock worth $47,491,000 after buying an additional 7,610 shares in the last quarter. Finally, FIL Ltd raised its position in shares of Wheaton Precious Metals by 5.5% during the 4th quarter. FIL Ltd now owns 10,646,479 shares of the company’s stock worth $525,235,000 after buying an additional 550,804 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $54.56 on Thursday. The company’s 50 day moving average price is $54.28 and its 200 day moving average price is $49.49. Wheaton Precious Metals Corp. has a 52 week low of $38.37 and a 52 week high of $57.87. The company has a market capitalization of $24.74 billion, a PE ratio of 41.97, a PEG ratio of 1.83 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Wheaton Precious Metals had a net margin of 53.74% and a return on equity of 8.53%. The firm had revenue of $296.80 million for the quarter, compared to the consensus estimate of $278.95 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue was up 38.7% on a year-over-year basis. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.29 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, May 29th. Wheaton Precious Metals’s dividend payout ratio is 47.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WPM. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $59.00 to $66.50 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $53.00 in a report on Monday, March 18th. Jefferies Financial Group boosted their target price on shares of Wheaton Precious Metals from $52.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Bank of America boosted their target price on shares of Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, BMO Capital Markets boosted their price target on shares of Wheaton Precious Metals from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Wheaton Precious Metals 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.