Rare Wolf Capital LLC Invests $2.35 Million in Wheaton Precious Metals Corp. $WPM

Rare Wolf Capital LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,980 shares of the company’s stock, valued at approximately $2,348,000. Wheaton Precious Metals makes up about 1.5% of Rare Wolf Capital LLC’s holdings, making the stock its 14th biggest holding.

Several other hedge funds have also modified their holdings of the stock. Corient Private Wealth LLC boosted its holdings in Wheaton Precious Metals by 252.1% in the 4th quarter. Corient Private Wealth LLC now owns 56,640 shares of the company’s stock worth $6,656,000 after acquiring an additional 40,555 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Wheaton Precious Metals by 20.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,076 shares of the company’s stock valued at $832,000 after acquiring an additional 1,200 shares in the last quarter. Caitlin John LLC raised its stake in shares of Wheaton Precious Metals by 1,508.0% during the fourth quarter. Caitlin John LLC now owns 1,608 shares of the company’s stock valued at $189,000 after purchasing an additional 1,508 shares during the period. Vident Advisory LLC raised its stake in shares of Wheaton Precious Metals by 106.1% during the fourth quarter. Vident Advisory LLC now owns 56,024 shares of the company’s stock valued at $6,584,000 after purchasing an additional 28,838 shares during the period. Finally, Wahed Invest LLC lifted its position in shares of Wheaton Precious Metals by 6.8% during the fourth quarter. Wahed Invest LLC now owns 9,271 shares of the company’s stock worth $1,091,000 after purchasing an additional 592 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 2.6%

Wheaton Precious Metals stock opened at $122.60 on Friday. The stock has a market cap of $55.68 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.37 and a beta of 0.51. The stock has a 50 day moving average of $132.00 and a 200-day moving average of $132.47. 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, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million during 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%. The business’s revenue was up 91.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

Analysts Set New Price Targets

WPM has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank boosted their price objective on shares of 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 shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Friday, March 27th. TD Securities raised their target price on 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, Zacks Research downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $155.64.

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.