Keybank National Association OH Has $29.90 Million Stake in Wheaton Precious Metals Corp. $WPM

Keybank National Association OH trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,461 shares of the company’s stock after selling 10,556 shares during the period. Keybank National Association OH’s holdings in Wheaton Precious Metals were worth $29,904,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $26,000. Assetmark Inc. lifted its holdings in Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $29,000. Eagle Bay Advisors LLC acquired a new stake in Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Finally, Triumph Capital Management acquired a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $33,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $124.58 on Thursday. The stock’s fifty day moving average price is $140.79 and its two-hundred day moving average price is $126.19. Wheaton Precious Metals Corp. has a one year low of $75.42 and a one year high of $165.76. The firm has a market cap of $56.57 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.31. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The firm had revenue of $864.71 million for the quarter, compared to analyst estimates of $719.59 million. During the same quarter last year, the company earned $0.44 EPS. The company’s revenue was up 127.3% on a year-over-year basis. Sell-side analysts expect that Wheaton Precious Metals Corp. will post 4.72 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.195 per share. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, March 31st. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is 24.07%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WPM. TD Securities lifted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Wall Street Zen cut Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, March 27th. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $155.45.

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.