American Century Companies Inc. Buys 124,422 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

American Century Companies Inc. lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM – Free Report) by 21.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 695,377 shares of the company’s stock after purchasing an additional 124,422 shares during the period. American Century Companies Inc. owned 0.15% of Wheaton Precious Metals worth $28,199,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WPM. Atlas Capital Advisors LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Wheaton Precious Metals by 54.7% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 792 shares of the company’s stock valued at $31,000 after purchasing an additional 280 shares during the period. Mechanics Financial Corp lifted its stake in Wheaton Precious Metals by 200.0% in the 3rd quarter. Mechanics Financial Corp now owns 900 shares of the company’s stock valued at $36,000 after purchasing an additional 600 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Wheaton Precious Metals by 38.6% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,178 shares of the company’s stock worth $48,000 after purchasing an additional 328 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in Wheaton Precious Metals during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 58.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Raymond James reduced their target price on 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 objective on shares of Wheaton Precious Metals from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. TD Securities upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $53.00 in a research note on Monday. CIBC upped their price target on shares of Wheaton Precious Metals from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Scotiabank cut their price objective on shares of Wheaton Precious Metals from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.65.

View Our Latest Analysis on Wheaton Precious Metals

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $43.36 on Wednesday. The company has a market capitalization of $19.65 billion, a P/E ratio of 36.44, a P/E/G ratio of 9.43 and a beta of 0.76. The business’s 50 day simple moving average is $44.85 and its 200 day simple moving average is $44.92. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $52.76.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be given a $0.155 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.15. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 50.42%.

Wheaton Precious Metals Company Profile

(Free Report)

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 10, 2017. Wheaton Precious Metals Corp.