BLI Banque de Luxembourg Investments Has $46.24 Million Stock Holdings in Wheaton Precious Metals Corp. $WPM

BLI Banque de Luxembourg Investments boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 393,500 shares of the company’s stock after buying an additional 8,500 shares during the quarter. Wheaton Precious Metals comprises 1.4% of BLI Banque de Luxembourg Investments’ portfolio, making the stock its 20th biggest holding. BLI Banque de Luxembourg Investments’ holdings in Wheaton Precious Metals were worth $46,239,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new position in Wheaton Precious Metals during the fourth quarter worth $564,000. Cerity Partners LLC increased its position in Wheaton Precious Metals by 49.6% during the fourth quarter. Cerity Partners LLC now owns 37,326 shares of the company’s stock worth $4,387,000 after buying an additional 12,378 shares during the last quarter. LPL Financial LLC increased its position in Wheaton Precious Metals by 0.3% during the fourth quarter. LPL Financial LLC now owns 229,626 shares of the company’s stock worth $26,986,000 after buying an additional 785 shares during the last quarter. Franklin Resources Inc. increased its position in Wheaton Precious Metals by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 181,246 shares of the company’s stock worth $21,308,000 after buying an additional 19,386 shares during the last quarter. Finally, Erste Asset Management GmbH increased its position in Wheaton Precious Metals by 20.8% during the fourth quarter. Erste Asset Management GmbH now owns 79,420 shares of the company’s stock worth $9,522,000 after buying an additional 13,670 shares during the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $114.88 on Tuesday. The company has a market cap of $52.17 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.19 and a beta of 0.51. The stock’s 50-day moving average is $134.16 and its 200-day moving average is $131.64. Wheaton Precious Metals Corp. has a 52-week low of $85.59 and a 52-week high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating 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 business had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was up 91.7% on a year-over-year basis. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

WPM has been the topic of several analyst reports. Scotiabank increased their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. TD Cowen 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. 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. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average 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.