Greenline Partners LLC Increases Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Greenline Partners LLC increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 70.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,347 shares of the company’s stock after buying an additional 3,025 shares during the period. Greenline Partners LLC’s holdings in Wheaton Precious Metals were worth $413,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of Wheaton Precious Metals by 6.4% in the fourth quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock valued at $1,154,843,000 after purchasing an additional 1,231,999 shares in the last quarter. Vanguard Group Inc. lifted its stake in Wheaton Precious Metals by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company’s stock valued at $994,733,000 after buying an additional 281,123 shares in the last quarter. FMR LLC lifted its stake in Wheaton Precious Metals by 5.9% in the 4th quarter. FMR LLC now owns 15,529,219 shares of the company’s stock valued at $873,995,000 after buying an additional 863,306 shares in the last quarter. Norges Bank acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $472,648,000. Finally, TD Asset Management Inc. increased its position in Wheaton Precious Metals by 9.6% during the fourth quarter. TD Asset Management Inc. now owns 7,156,818 shares of the company’s stock worth $402,627,000 after buying an additional 629,743 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPM has been the topic of a number of analyst reports. Raymond James increased their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, April 15th. CIBC upped their price objective on shares of Wheaton Precious Metals from $95.00 to $105.00 and gave the company an “outperformer” rating in a research note on Friday. UBS Group raised their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. National Bankshares reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. Finally, Scotiabank raised their price objective on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a “sector outperform” rating in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $85.90.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $85.76 on Friday. The firm has a market capitalization of $38.92 billion, a PE ratio of 64.00, a P/E/G ratio of 1.91 and a beta of 0.49. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $87.42. The business has a 50-day moving average of $77.91 and a two-hundred day moving average of $67.73.

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

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.66 annualized dividend and a yield of 0.77%. Wheaton Precious Metals’s dividend payout ratio is currently 56.90%.

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.