Wheaton Precious Metals Corp. $WPM Shares Purchased by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 46.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,395 shares of the company’s stock after acquiring an additional 10,574 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Wheaton Precious Metals were worth $3,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Wheaton Precious Metals by 3.1% in the second quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company’s stock worth $1,668,582,000 after buying an additional 557,793 shares during the last quarter. Norges Bank purchased a new stake in shares of Wheaton Precious Metals during the second quarter valued at $656,463,000. Bank of Montreal Can grew its holdings in shares of Wheaton Precious Metals by 10.3% during the second quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock valued at $460,736,000 after buying an additional 478,236 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Wheaton Precious Metals by 0.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,107,833 shares of the company’s stock valued at $458,683,000 after acquiring an additional 35,047 shares during the period. Finally, Bank of America Corp DE raised its stake in Wheaton Precious Metals by 12.8% in the 2nd quarter. Bank of America Corp DE now owns 4,481,459 shares of the company’s stock worth $402,435,000 after acquiring an additional 507,577 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank Of Canada raised Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, December 10th. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday. Bank of America increased their price target on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.78.

Wheaton Precious Metals Stock Down 0.0%

Shares of WPM opened at $135.46 on Monday. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 1.31 and a beta of 0.52. Wheaton Precious Metals Corp. has a 52 week low of $56.70 and a 52 week high of $135.72. The stock’s 50-day moving average price is $114.55 and its 200-day moving average price is $104.67.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The company had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same period last year, the business earned $0.34 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 54.5% on a year-over-year basis. As a group, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is 30.00%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.