Wheaton Precious Metals Corp. $WPM Shares Bought by Capital Research Global Investors

Capital Research Global Investors grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,527,914 shares of the company’s stock after purchasing an additional 69,016 shares during the quarter. Capital Research Global Investors owned approximately 0.34% of Wheaton Precious Metals worth $179,645,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on WPM shares. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, March 27th. TD Cowen boosted their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Trading Down 1.2%

Shares of WPM stock opened at $114.88 on Tuesday. The stock has a market cap of $52.17 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.19 and a beta of 0.51. Wheaton Precious Metals Corp. has a twelve month low of $85.59 and a twelve month high of $165.76. The company’s 50-day moving average price is $134.16 and its 200-day moving average price is $131.64.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The firm had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. Wheaton Precious Metals’s revenue was up 91.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

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 issued 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%.

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.