Erste Asset Management GmbH Acquires 13,670 Shares of Wheaton Precious Metals Corp. $WPM

Erste Asset Management GmbH raised its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 20.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 79,420 shares of the company’s stock after acquiring an additional 13,670 shares during the period. Erste Asset Management GmbH’s holdings in Wheaton Precious Metals were worth $9,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WPM. AQR Capital Management LLC bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $331,000. Focus Partners Wealth raised its position 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 acquiring an additional 1,081 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $209,000. Sivia Capital Partners LLC bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $239,000. Finally, Rhumbline Advisers raised 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 last quarter. Institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the subject of several recent research reports. Zacks Research cut shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Cowen boosted their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. TD Securities boosted their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price target for the company. Finally, Scotiabank boosted their price target on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Thirteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Trading Down 1.2%

Shares of NYSE WPM opened at $114.88 on Tuesday. The firm has a market cap of $52.17 billion, a PE ratio of 29.01, a PEG ratio of 2.19 and a beta of 0.51. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76. The company has a fifty day moving average price of $134.16 and a 200 day moving average price of $131.64.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The firm 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 company’s revenue for the quarter was up 91.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s dividend 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.