Decker Retirement Planning Inc. Invests $282,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Decker Retirement Planning Inc. purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,021 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds have also recently added to or reduced their stakes in WPM. Versant Capital Management Inc purchased a new stake in shares of Wheaton Precious Metals during the fourth quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new position in Wheaton Precious Metals during the second quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth about $39,000. GAMMA Investing LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter valued at about $41,000. Finally, St. Johns Investment Management Company LLC acquired a new stake in Wheaton Precious Metals in the 3rd quarter valued at about $48,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WPM shares. TD Securities boosted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Stifel Canada lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Jefferies Financial Group raised their target price on Wheaton Precious Metals from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Raymond James boosted their price target on shares of Wheaton Precious Metals from $74.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group assumed coverage on shares of Wheaton Precious Metals in a research report on Monday, November 18th. They set a “buy” rating and a $78.00 price objective for the company. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $57.47 on Friday. The company has a market capitalization of $26.07 billion, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The company’s 50 day simple moving average is $59.66 and its 200-day simple moving average is $60.36. Wheaton Precious Metals Corp. has a 1 year low of $38.57 and a 1 year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Wheaton Precious Metals had a return on equity of 8.85% and a net margin of 50.05%. The company had revenue of $308.25 million for the quarter, compared to analysts’ expectations of $324.57 million. During the same period in the prior year, the firm earned $0.27 earnings per share. Equities analysts expect that Wheaton Precious Metals Corp. will post 1.45 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio is currently 46.27%.

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.