GTS Securities LLC Has $3.30 Million Position in Wheaton Precious Metals Corp. $WPM

GTS Securities LLC boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 782.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,376 shares of the company’s stock after purchasing an additional 26,047 shares during the period. GTS Securities LLC’s holdings in Wheaton Precious Metals were worth $3,300,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WPM. Parvin Asset Management LLC lifted its position in Wheaton Precious Metals by 0.6% in the 4th quarter. Parvin Asset Management LLC now owns 11,925 shares of the company’s stock worth $1,401,000 after buying an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Wheaton Precious Metals by 0.4% during the 4th quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock valued at $2,405,000 after acquiring an additional 75 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Wheaton Precious Metals by 1.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock worth $494,000 after acquiring an additional 78 shares during the last quarter. Gables Capital Management Inc. increased its stake in shares of Wheaton Precious Metals by 7.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock worth $127,000 after acquiring an additional 79 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Wheaton Precious Metals by 0.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,105 shares of the company’s stock worth $3,185,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a research report on Tuesday, July 28th. UBS Group cut 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. Scotiabank reduced their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Finally, Bank of America reduced their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $165.55.

Wheaton Precious Metals Stock Down 2.9%

Wheaton Precious Metals stock opened at $153.48 on Friday. The company has a market capitalization of $69.70 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.71 and a beta of 0.55. The firm’s fifty day simple moving average is $122.54 and its 200-day simple moving average is $131.28. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals Corp. has a 1-year low of $92.57 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. Wheaton Precious Metals’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

Wheaton Precious Metals Company 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.