Signaturefd LLC Acquires 178 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Signaturefd LLC increased its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,877 shares of the company’s stock after buying an additional 178 shares during the quarter. Signaturefd LLC’s holdings in Wheaton Precious Metals were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $29,000. Promus Capital LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $38,000. Laurel Wealth Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth $39,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Monday. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $76.28 on Thursday. The firm’s 50-day moving average price is $65.86 and its 200-day moving average price is $62.99. The company has a market capitalization of $34.61 billion, a PE ratio of 56.93, a P/E/G ratio of 1.91 and a beta of 0.76. Wheaton Precious Metals Corp. has a 1-year low of $43.18 and a 1-year high of $77.93.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, March 13th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $380.52 million during 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 quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. Equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a $0.165 dividend. The ex-dividend date is Tuesday, April 1st. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. Wheaton Precious Metals’s dividend payout ratio is currently 49.25%.

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.