Quantbot Technologies LP Takes Position in Wheaton Precious Metals Corp. $WPM

Quantbot Technologies LP acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,769 shares of the company’s stock, valued at approximately $787,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Wheaton Precious Metals in the 2nd quarter worth $656,463,000. Canada Pension Plan Investment Board lifted its stake in shares of Wheaton Precious Metals by 57.6% in the first quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company’s stock valued at $162,811,000 after buying an additional 766,947 shares during the period. Amundi grew its position in Wheaton Precious Metals by 33.2% during the first quarter. Amundi now owns 2,745,947 shares of the company’s stock worth $215,557,000 after buying an additional 683,674 shares in the last quarter. Geode Capital Management LLC increased its stake in Wheaton Precious Metals by 20.5% during the second quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock valued at $332,793,000 after acquiring an additional 622,003 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Wheaton Precious Metals by 19.7% in the 2nd quarter. Mackenzie Financial Corp now owns 3,571,271 shares of the company’s stock valued at $321,359,000 after acquiring an additional 587,855 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WPM shares. Bank of America boosted their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Berenberg Bank increased their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Zacks Research raised shares of Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, Raymond James Financial increased their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $126.33.

Wheaton Precious Metals Stock Up 4.1%

Shares of Wheaton Precious Metals stock opened at $109.23 on Wednesday. Wheaton Precious Metals Corp. has a 12-month low of $55.47 and a 12-month high of $114.36. The stock has a market capitalization of $49.59 billion, a P/E ratio of 49.65, a price-to-earnings-growth ratio of 1.56 and a beta of 0.54. The company has a 50-day simple moving average of $103.72 and a 200 day simple moving average of $98.30.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. The firm had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is currently 30.00%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.