Beddow Capital Management Inc. Buys 7,302 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Beddow Capital Management Inc. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,468 shares of the company’s stock after acquiring an additional 7,302 shares during the period. Wheaton Precious Metals comprises approximately 2.4% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Beddow Capital Management Inc.’s holdings in Wheaton Precious Metals were worth $5,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WPM. Versant Capital Management Inc acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $29,000. Promus Capital LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Wheaton Precious Metals during the fourth quarter worth $38,000. Laurel Wealth Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter valued at $39,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at about $39,000. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Wheaton Precious Metals Trading Down 0.7 %

Shares of NYSE:WPM opened at $75.02 on Friday. The stock’s fifty day simple moving average is $66.57 and its two-hundred day simple moving average is $63.17. Wheaton Precious Metals Corp. has a 1-year low of $44.57 and a 1-year high of $77.44. The stock has a market cap of $34.03 billion, a PE ratio of 55.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data 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 the consensus estimate of $395.74 million. During the same quarter last year, the business posted $0.36 earnings per share. Wheaton Precious Metals’s revenue was up 21.4% on a year-over-year basis. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.88%. Wheaton Precious Metals’s dividend payout ratio (DPR) 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.