BNP Paribas Financial Markets Purchases 15,044 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

BNP Paribas Financial Markets boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 70.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,268 shares of the company’s stock after purchasing an additional 15,044 shares during the quarter. BNP Paribas Financial Markets’ holdings in Wheaton Precious Metals were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fielder Capital Group LLC raised 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 worth $1,389,000 after purchasing an additional 176 shares during the last quarter. Signaturefd LLC increased its stake in shares of Wheaton Precious Metals by 1.5% in the 4th quarter. Signaturefd LLC now owns 11,877 shares of the company’s stock valued at $668,000 after acquiring an additional 178 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Wheaton Precious Metals by 3.9% in the 4th quarter. Merit Financial Group LLC now owns 4,818 shares of the company’s stock valued at $271,000 after acquiring an additional 179 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Wheaton Precious Metals by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,027 shares of the company’s stock valued at $226,000 after acquiring an additional 216 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Wheaton Precious Metals by 4.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,120 shares of the company’s stock valued at $344,000 after acquiring an additional 258 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Down 0.5%

NYSE:WPM opened at $78.35 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42. The business has a 50 day moving average price of $78.69 and a two-hundred day moving average price of $68.12. The company has a market cap of $35.56 billion, a P/E ratio of 58.47, a price-to-earnings-growth ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The firm had revenue of $470.41 million during the quarter, compared to the consensus estimate of $446.33 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The business’s revenue was up 58.4% on a year-over-year basis. As a group, analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, May 28th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 48.53%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WPM. Scotiabank upped their price target on Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a research note on Monday, April 14th. CIBC upped their price target on Wheaton Precious Metals from $95.00 to $105.00 and gave the company an “outperformer” rating in a research note on Friday, May 9th. StockNews.com raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. UBS Group upped their price target on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Buy” and an average price target of $85.90.

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 2017. Wheaton Precious Metals Corp.