Alberta Investment Management Corp Has $9.76 Million Stock Holdings in Wheaton Precious Metals Corp. $WPM

Alberta Investment Management Corp increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 112.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 83,000 shares of the company’s stock after acquiring an additional 44,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Wheaton Precious Metals were worth $9,758,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in Wheaton Precious Metals during the first quarter worth approximately $331,000. Focus Partners Wealth grew its position in shares of Wheaton Precious Metals by 10.7% in the first quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock valued at $871,000 after purchasing an additional 1,081 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Wheaton Precious Metals in the first quarter valued at approximately $209,000. Sivia Capital Partners LLC bought a new position in shares of Wheaton Precious Metals during the second quarter worth approximately $239,000. Finally, Rhumbline Advisers lifted its holdings in Wheaton Precious Metals by 28.3% during the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock worth $265,000 after purchasing an additional 652 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 3.6%

Shares of Wheaton Precious Metals stock opened at $128.46 on Wednesday. The company has a market cap of $58.34 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.51. The company has a 50 day moving average of $132.43 and a 200-day moving average of $132.24. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same period last year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 91.7% compared to the same quarter last year. Research analysts forecast that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 19.70%.

Analysts Set New Price Targets

Several research firms recently commented on WPM. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. TD Securities increased their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank lifted their price target on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Friday, March 27th. Thirteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average target price of $155.64.

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.