Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $3.81 Million Holdings in Wheaton Precious Metals Corp. $WPM

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 28.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,116 shares of the company’s stock after selling 11,845 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Wheaton Precious Metals were worth $3,814,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Assetmark Inc. lifted its stake in Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after acquiring an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after purchasing an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at about $28,000. Navalign LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at about $30,000. Finally, Eagle Bay Advisors LLC bought a new position in Wheaton Precious Metals during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WPM. Scotiabank upped their price objective on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. UBS Group cut their target price on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 target price for the company. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.73.

Wheaton Precious Metals Trading Down 0.1%

WPM stock opened at $115.58 on Friday. The stock has a market capitalization of $52.49 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.18 and a beta of 0.55. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The firm has a 50-day moving average price of $125.32 and a 200-day moving average price of $132.67.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The firm had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company’s revenue for the quarter was up 91.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 4.99 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. 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.