13,069 Shares in Wheaton Precious Metals Corp. $WPM Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,069 shares of the company’s stock, valued at approximately $1,536,000.

A number of other hedge funds also recently added to or reduced their stakes in WPM. Assetmark Inc. raised its holdings in Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd raised 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 valued at $27,000 after buying an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter valued at $28,000. Navalign LLC bought a new position in shares of Wheaton Precious Metals during the 4th quarter valued at $30,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter worth $32,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $123.82 on Tuesday. The firm has a market capitalization of $56.23 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 2.19 and a beta of 0.51. Wheaton Precious Metals Corp. has a one year low of $85.59 and a one year high of $165.76. The business has a fifty day moving average price of $132.57 and a 200-day moving average price of $132.09.

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

Wheaton Precious Metals Dividend Announcement

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

Analyst Ratings Changes

WPM has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective for the company. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank lifted their price objective on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. TD Cowen lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Finally, Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Thirteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.