Erste Asset Management GmbH Has $9.52 Million Stock Position in Wheaton Precious Metals Corp. $WPM

Erste Asset Management GmbH raised its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,420 shares of the company’s stock after purchasing an additional 13,670 shares during the quarter. Erste Asset Management GmbH’s holdings in Wheaton Precious Metals were worth $9,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in WPM. Assetmark Inc. boosted its holdings in Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after purchasing an additional 117 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $28,000. Navalign LLC acquired a new stake in Wheaton Precious Metals during the fourth quarter valued at approximately $30,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Wheaton Precious Metals in the 4th quarter worth approximately $32,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, March 27th. Scotiabank boosted their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price on the stock. Finally, TD Securities boosted their target price 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Price Performance

WPM stock opened at $114.88 on Tuesday. The company has a 50 day moving average price of $134.16 and a 200 day moving average price of $131.64. Wheaton Precious Metals Corp. has a fifty-two week low of $85.59 and a fifty-two week high of $165.76. The stock has a market capitalization of $52.17 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data 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 net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the previous year, the company posted $0.55 EPS. Wheaton Precious Metals’s revenue was up 91.7% on a year-over-year basis. As a group, equities analysts expect that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

About Wheaton Precious Metals

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.