Wheaton Precious Metals Corp. $WPM Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 20,240.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,170 shares of the company’s stock after purchasing an additional 10,120 shares during the period. Banque Cantonale Vaudoise’s holdings in Wheaton Precious Metals were worth $1,330,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Apella Capital LLC grew its stake in shares of Wheaton Precious Metals by 14.9% during the 1st quarter. Apella Capital LLC now owns 4,016 shares of the company’s stock worth $526,000 after purchasing an additional 521 shares during the period. Summit Wealth Partners LLC purchased a new stake in Wheaton Precious Metals in the 1st quarter valued at approximately $576,000. XML Financial LLC lifted its stake in Wheaton Precious Metals by 10.9% in the 1st quarter. XML Financial LLC now owns 11,972 shares of the company’s stock valued at $1,569,000 after buying an additional 1,175 shares in the last quarter. Brookstone Capital Management grew its holdings in Wheaton Precious Metals by 188.0% during the 1st quarter. Brookstone Capital Management now owns 26,777 shares of the company’s stock valued at $3,508,000 after buying an additional 17,478 shares during the last quarter. Finally, Balboa Wealth Partners acquired a new stake in Wheaton Precious Metals during the 1st quarter valued at $227,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of analyst reports. Scotiabank boosted their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Friday, March 27th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen boosted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Stock Up 0.2%

Shares of WPM opened at $113.32 on Friday. The firm has a market capitalization of $51.46 billion, a PE ratio of 28.62, a P/E/G ratio of 2.13 and a beta of 0.51. The firm has a 50-day moving average price of $128.66 and a 200 day moving average price of $132.64. 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 issued its quarterly earnings results 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. 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%.The firm’s quarterly revenue was up 91.7% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 4.99 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a 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 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.