Mediolanum International Funds Ltd Purchases 19,159 Shares of Wheaton Precious Metals Corp. $WPM

Mediolanum International Funds Ltd boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 35.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,970 shares of the company’s stock after buying an additional 19,159 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Wheaton Precious Metals were worth $8,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WPM. Norges Bank bought a new position in shares of Wheaton Precious Metals during the 2nd quarter worth approximately $656,463,000. Invesco Ltd. lifted its holdings in Wheaton Precious Metals by 139.8% during the 2nd quarter. Invesco Ltd. now owns 2,085,042 shares of the company’s stock valued at $187,237,000 after purchasing an additional 1,215,660 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Wheaton Precious Metals by 24.8% during the 2nd quarter. CIBC Asset Management Inc now owns 3,185,420 shares of the company’s stock valued at $288,255,000 after purchasing an additional 632,464 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Wheaton Precious Metals by 30.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,743,476 shares of the company’s stock worth $246,572,000 after purchasing an additional 632,429 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Wheaton Precious Metals by 20.5% in the second quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock valued at $332,793,000 after purchasing an additional 622,003 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WPM shares. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $115.00 to $130.00 in a report on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating and set a $145.00 price objective on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Zacks Research raised Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Bank of America increased their target price on Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $140.44.

Wheaton Precious Metals Stock Up 0.0%

Shares of Wheaton Precious Metals stock opened at $131.89 on Tuesday. Wheaton Precious Metals Corp. has a 12-month low of $62.01 and a 12-month high of $160.36. The company has a market capitalization of $59.88 billion, a price-to-earnings ratio of 59.95, a PEG ratio of 1.20 and a beta of 0.52. The firm’s 50-day moving average price is $123.35 and its two-hundred day moving average price is $108.77.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) 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 business had revenue of $476.26 million for the quarter, compared to analyst estimates of $495.53 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. On average, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 annualized dividend and a yield of 0.5%. Wheaton Precious Metals’s payout ratio is presently 30.00%.

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.