Hillsdale Investment Management Inc. Purchases 6,900 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Hillsdale Investment Management Inc. boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 147,200 shares of the company’s stock after acquiring an additional 6,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in Wheaton Precious Metals were worth $8,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WPM. Fielder Capital Group LLC grew its holdings in Wheaton Precious Metals by 0.7% during the 4th quarter. Fielder Capital Group LLC now owns 24,701 shares of the company’s stock valued at $1,389,000 after buying an additional 176 shares in the last quarter. Signaturefd LLC grew its holdings in Wheaton Precious Metals by 1.5% during the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company’s stock valued at $668,000 after buying an additional 178 shares in the last quarter. Merit Financial Group LLC grew its holdings in Wheaton Precious Metals by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after buying an additional 179 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in Wheaton Precious Metals by 2.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,553 shares of the company’s stock valued at $522,000 after buying an additional 187 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Wheaton Precious Metals by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,761 shares of the company’s stock valued at $1,208,000 after buying an additional 196 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on WPM. 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 report on Monday, March 17th. Stifel Canada raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $72.44.

Wheaton Precious Metals Trading Down 0.7 %

Shares of NYSE WPM opened at $75.02 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $44.57 and a 12 month high of $77.44. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 55.98, a PEG ratio of 1.91 and a beta of 0.76. The business has a 50-day moving average of $66.57 and a 200-day moving average of $63.17.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $380.52 million for the quarter, compared to analysts’ expectations of $395.74 million. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current 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 paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.66 annualized dividend and a yield of 0.88%. This is a positive change 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.