Addenda Capital Inc. Has $74.34 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Addenda Capital Inc. raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,321,835 shares of the company’s stock after acquiring an additional 62,590 shares during the quarter. Wheaton Precious Metals comprises 3.4% of Addenda Capital Inc.’s portfolio, making the stock its 4th largest position. Addenda Capital Inc. owned approximately 0.29% of Wheaton Precious Metals worth $74,340,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in shares of Wheaton Precious Metals in the 4th quarter valued at $29,000. Abich Financial Wealth Management LLC bought a new stake in Wheaton Precious Metals in the second quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new position in Wheaton Precious Metals in the fourth quarter valued at about $39,000. GAMMA Investing LLC bought a new position in Wheaton Precious Metals during the fourth quarter worth about $41,000. Finally, St. Johns Investment Management Company LLC acquired a new position in shares of Wheaton Precious Metals during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $57.74 on Tuesday. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64. The stock’s 50-day moving average is $59.45 and its 200-day moving average is $60.52.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share 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 firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.45 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, November 21st. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 46.27%.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of analyst reports. Raymond James increased 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. Stifel Canada lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. National Bank Financial raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their price objective 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. Finally, UBS Group began coverage on Wheaton Precious Metals in a research note on Monday, November 18th. They issued a “buy” rating and a $78.00 target price for the company. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.67.

Wheaton Precious Metals Company 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.