Deutsche Bank AG Has $373.88 Million Stake in Wheaton Precious Metals Corp. $WPM

Deutsche Bank AG lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,181,431 shares of the company’s stock after purchasing an additional 250,825 shares during the quarter. Deutsche Bank AG owned 0.70% of Wheaton Precious Metals worth $373,882,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WPM shares. Scotiabank increased their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. TD Securities increased their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. TD Cowen increased their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report 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. According to MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Trading Down 4.5%

NYSE WPM opened at $107.54 on Thursday. The firm has a market capitalization of $48.84 billion, a P/E ratio of 27.16, a PEG ratio of 2.12 and a beta of 0.51. The business has a fifty day simple moving average of $133.59 and a 200 day simple moving average of $131.75. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its 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. The company had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business’s revenue for the quarter was up 91.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 4.98 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is presently 19.70%.

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.