Syon Capital LLC Has $324,000 Stock Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Syon Capital LLC lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,575 shares of the company’s stock after purchasing an additional 308 shares during the period. Syon Capital LLC’s holdings in Wheaton Precious Metals were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WPM. Massachusetts Financial Services Co. MA raised its holdings in Wheaton Precious Metals by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,585,266 shares of the company’s stock worth $307,583,000 after buying an additional 713,381 shares during the period. First Eagle Investment Management LLC raised its holdings in Wheaton Precious Metals by 3.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 20,998,263 shares of the company’s stock worth $851,480,000 after buying an additional 644,746 shares during the period. Mackenzie Financial Corp raised its holdings in Wheaton Precious Metals by 18.3% during the 3rd quarter. Mackenzie Financial Corp now owns 3,411,151 shares of the company’s stock worth $133,849,000 after buying an additional 527,358 shares during the period. JPMorgan Chase & Co. raised its holdings in Wheaton Precious Metals by 22.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,586,800 shares of the company’s stock worth $104,895,000 after buying an additional 468,782 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Wheaton Precious Metals by 4,659.7% during the 4th quarter. International Assets Investment Management LLC now owns 326,040 shares of the company’s stock worth $16,087,000 after acquiring an additional 319,190 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $54.00 on Friday. The business has a fifty day simple moving average of $46.73 and a two-hundred day simple moving average of $46.43. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $54.45. The company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 45.38, a P/E/G ratio of 7.32 and a beta of 0.77.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $313.47 million during the quarter, compared to the consensus estimate of $284.29 million. Wheaton Precious Metals had a return on equity of 7.76% and a net margin of 52.92%. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.25 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a dividend of $0.155 per share. This is an increase from Wheaton Precious Metals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.62 annualized dividend and a yield of 1.15%. Wheaton Precious Metals’s payout ratio is presently 52.10%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WPM shares. Raymond James decreased their price target on shares of Wheaton Precious Metals from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, February 22nd. BMO Capital Markets decreased their price target on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. TD Securities raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their price target for the stock from $51.00 to $53.00 in a research note on Monday, March 18th. Scotiabank decreased their target price on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Berenberg Bank raised their target price on shares of Wheaton Precious Metals from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.32.

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.