BLI Banque de Luxembourg Investments Takes $36.13 Million Position in Wheaton Precious Metals Corp. (NYSE:WPM)

BLI Banque de Luxembourg Investments acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 645,000 shares of the company’s stock, valued at approximately $36,127,000. BLI Banque de Luxembourg Investments owned approximately 0.14% of Wheaton Precious Metals as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position 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 acquiring an additional 1,231,999 shares during the period. Vanguard Group Inc. grew its position in shares of Wheaton Precious Metals by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,672,518 shares of the company’s stock valued at $994,733,000 after purchasing an additional 281,123 shares in the last quarter. FMR LLC increased its holdings in shares of Wheaton Precious Metals by 5.9% in the fourth quarter. FMR LLC now owns 15,529,219 shares of the company’s stock worth $873,995,000 after purchasing an additional 863,306 shares during the period. Norges Bank bought a new position in shares of Wheaton Precious Metals in the fourth quarter worth $472,648,000. Finally, TD Asset Management Inc. raised its position in shares of Wheaton Precious Metals by 9.6% in 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. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Down 0.3 %

Wheaton Precious Metals stock opened at $80.84 on Friday. The firm has a fifty day simple moving average of $76.36 and a two-hundred day simple moving average of $67.11. Wheaton Precious Metals Corp. has a twelve month low of $51.96 and a twelve month high of $87.42. The company has a market capitalization of $36.68 billion, a PE ratio of 60.33, a P/E/G ratio of 1.91 and a beta of 0.49.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $395.74 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The company’s revenue was up 21.4% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Tuesday, April 1st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. Wheaton Precious Metals’s dividend payout ratio (DPR) is 56.90%.

Analyst Ratings Changes

A number of brokerages have weighed in on WPM. Royal Bank of Canada upped their target price on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, April 4th. Raymond James upped their price objective on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. UBS Group lifted their target price on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $79.00 to $87.00 and gave the company a “sector outperform” rating in a research report on Monday, April 14th. Finally, Stifel Canada upgraded shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $83.40.

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.