4,725 Shares in Wheaton Precious Metals Corp. $WPM Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,725 shares of the company’s stock, valued at approximately $619,000.

A number of other hedge funds have also recently added to or reduced their stakes in WPM. Vanguard Group Inc. increased its position in Wheaton Precious Metals by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock worth $2,242,969,000 after acquiring an additional 289,939 shares during the period. Van ECK Associates Corp raised its stake in shares of Wheaton Precious Metals by 10.7% in the fourth quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after purchasing an additional 1,402,092 shares in the last quarter. Capital International Investors raised its stake in shares of Wheaton Precious Metals by 1.2% in the fourth quarter. Capital International Investors now owns 7,595,725 shares of the company’s stock valued at $892,650,000 after purchasing an additional 93,599 shares in the last quarter. Norges Bank bought a new position in Wheaton Precious Metals in the fourth quarter worth $864,977,000. Finally, TD Asset Management Inc boosted its stake in Wheaton Precious Metals by 0.5% during the fourth quarter. TD Asset Management Inc now owns 7,285,275 shares of the company’s stock worth $857,598,000 after buying an additional 33,221 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WPM. Jefferies Financial Group decreased their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Scotiabank decreased their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. UBS Group lowered their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.09.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at $109.87 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $90.39 and a 52 week high of $165.76. The stock has a market capitalization of $49.90 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.87 and a beta of 0.55. The firm has a fifty day moving average of $119.08 and a two-hundred day moving average of $131.89.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. During the same quarter last year, the firm posted $0.55 earnings per share. Wheaton Precious Metals’s revenue was up 91.7% compared to the same quarter last year. As a group, research analysts forecast that Wheaton Precious Metals Corp. will post 4.73 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is presently 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.