Proficio Capital Partners LLC Has $486,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Proficio Capital Partners LLC lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,640 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Proficio Capital Partners LLC’s holdings in Wheaton Precious Metals were worth $486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WPM. Van ECK Associates Corp increased its position in shares of Wheaton Precious Metals by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 20,534,104 shares of the company’s stock worth $1,154,843,000 after purchasing an additional 1,231,999 shares during the last quarter. FMR LLC grew its stake in shares of Wheaton Precious Metals by 33.7% in the third quarter. FMR LLC now owns 14,665,913 shares of the company’s stock valued at $895,723,000 after buying an additional 3,692,594 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Wheaton Precious Metals by 22.5% during the third quarter. The Manufacturers Life Insurance Company now owns 3,456,230 shares of the company’s stock worth $211,207,000 after buying an additional 634,843 shares during the last quarter. National Bank of Canada FI increased its holdings in Wheaton Precious Metals by 21.3% during the third quarter. National Bank of Canada FI now owns 2,923,402 shares of the company’s stock worth $178,551,000 after buying an additional 513,890 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Wheaton Precious Metals by 11.8% during the fourth quarter. CIBC Asset Management Inc now owns 2,541,133 shares of the company’s stock worth $144,356,000 after acquiring an additional 267,973 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Canada raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank lifted their target price on Wheaton Precious Metals from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 17th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Buy” and an average price target of $72.44.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $74.96 on Tuesday. The firm has a market cap of $34.01 billion, a price-to-earnings ratio of 55.94, a P/E/G ratio of 1.91 and a beta of 0.77. The stock’s fifty day moving average price is $66.95 and its two-hundred day moving average price is $63.32. Wheaton Precious Metals Corp. has a one year low of $44.57 and a one year high of $77.44.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.44 EPS 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 business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same quarter last year, the company posted $0.36 earnings per share. The company’s revenue was up 21.4% on a year-over-year basis. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 1st. Wheaton Precious Metals’s payout ratio is presently 56.90%.

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.