Integrated Advisors Network LLC Takes $1.58 Million Position in Wheaton Precious Metals Corp. $WPM

Integrated Advisors Network LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,100 shares of the company’s stock, valued at approximately $1,585,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Wheaton Precious Metals in the first quarter worth approximately $331,000. Focus Partners Wealth raised its holdings in shares of Wheaton Precious Metals by 10.7% during the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock valued at $871,000 after purchasing an additional 1,081 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals in the 1st quarter valued at $209,000. Sivia Capital Partners LLC acquired a new stake in shares of Wheaton Precious Metals in the 2nd quarter valued at $239,000. Finally, Rhumbline Advisers boosted its holdings in Wheaton Precious Metals by 28.3% in the second quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock worth $265,000 after purchasing an additional 652 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

WPM has been the topic of several analyst reports. UBS Group lowered their target price on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. BMO Capital Markets began coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, June 29th. TD Securities increased their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.64.

Wheaton Precious Metals Trading Down 3.0%

WPM opened at $111.77 on Wednesday. The business has a 50 day moving average of $124.24 and a 200-day moving average of $132.77. The stock has a market capitalization of $50.76 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 2.17 and a beta of 0.55. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. Wheaton Precious Metals’s revenue was up 91.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Equities analysts predict 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. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.195 per share. 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 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.