Capital International Inc. CA Has $31.04 Million Stake in Wheaton Precious Metals Corp. $WPM

Capital International Inc. CA grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,131 shares of the company’s stock after buying an additional 5,254 shares during the period. Capital International Inc. CA owned 0.06% of Wheaton Precious Metals worth $31,041,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WPM. Norges Bank acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter valued at approximately $864,977,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Wheaton Precious Metals by 36.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock valued at $777,938,000 after buying an additional 1,847,977 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Wheaton Precious Metals by 53.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,197,048 shares of the company’s stock valued at $469,459,000 after buying an additional 1,453,572 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Wheaton Precious Metals by 26.1% in the third quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock valued at $722,270,000 after buying an additional 1,335,588 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Wheaton Precious Metals by 1,655.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company’s stock valued at $139,333,000 after buying an additional 1,174,799 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 9.7%

NYSE:WPM opened at $116.04 on Friday. The stock has a market cap of $52.69 billion, a P/E ratio of 29.30, a PEG ratio of 2.19 and a beta of 0.51. The stock has a 50 day simple moving average of $134.24 and a 200 day simple moving average of $131.35. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same period last year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was up 91.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 19.70%.

Analyst Ratings Changes

Several research firms recently weighed in on WPM. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, March 27th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen lifted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Scotiabank lifted their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, TD Securities lifted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals 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.