C WorldWide Group Holding A S Acquires 16,072 Shares of Wheaton Precious Metals Corp. $WPM

C WorldWide Group Holding A S boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 75.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 37,259 shares of the company’s stock after acquiring an additional 16,072 shares during the period. C WorldWide Group Holding A S’s holdings in Wheaton Precious Metals were worth $4,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $331,000. Focus Partners Wealth increased its stake in Wheaton Precious Metals by 10.7% during the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock worth $871,000 after acquiring an additional 1,081 shares during the period. Acadian Asset Management LLC acquired a new position in Wheaton Precious Metals in the 1st quarter valued at $209,000. Sivia Capital Partners LLC acquired a new position in Wheaton Precious Metals in the 2nd quarter valued at $239,000. Finally, Rhumbline Advisers lifted its position in shares of Wheaton Precious Metals by 28.3% during the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock valued at $265,000 after acquiring an additional 652 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WPM shares. Scotiabank reduced their target price on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Tuesday. UBS Group dropped their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada cut their price objective on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Bank of America reduced their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wheaton Precious Metals in a research report on Monday, June 29th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.09.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $104.28 on Friday. The stock’s fifty day moving average price is $121.24 and its two-hundred day moving average price is $132.14. The company has a market cap of $47.35 billion, a PE ratio of 26.33, a P/E/G ratio of 1.93 and a beta of 0.55. Wheaton Precious Metals Corp. has a fifty-two week low of $87.96 and a fifty-two week high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the previous year, the firm earned $0.55 EPS. Wheaton Precious Metals’s revenue was up 91.7% on a year-over-year basis. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 4.8 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is currently 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.