Fiera Capital Corp Purchases 320,198 Shares of Wheaton Precious Metals Corp. $WPM

Fiera Capital Corp boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 91.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 671,660 shares of the company’s stock after acquiring an additional 320,198 shares during the quarter. Fiera Capital Corp owned 0.15% of Wheaton Precious Metals worth $78,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WPM. Norges Bank bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $864,977,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Wheaton Precious Metals by 36.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock worth $777,938,000 after buying an additional 1,847,977 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Wheaton Precious Metals by 53.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,197,048 shares of the company’s stock worth $469,459,000 after buying an additional 1,453,572 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Wheaton Precious Metals by 26.1% during the third quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock worth $722,270,000 after buying an additional 1,335,588 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Wheaton Precious Metals by 1,655.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company’s stock worth $139,333,000 after buying an additional 1,174,799 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WPM. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Friday, March 27th. TD Cowen boosted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. TD Securities boosted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Stock Down 0.2%

WPM stock opened at $116.04 on Monday. The firm has a market cap of $52.69 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.19 and a beta of 0.51. Wheaton Precious Metals Corp. has a 12-month low of $85.59 and a 12-month high of $165.76. The company’s fifty day simple moving average is $134.24 and its 200 day simple moving average is $131.55.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. Wheaton Precious Metals’s revenue for the quarter was up 91.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Research analysts expect that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be issued a $0.195 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is presently 19.70%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.