HighTower Advisors LLC Purchases 15,358 Shares of Wheaton Precious Metals Corp. $WPM

HighTower Advisors LLC lifted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 7.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,123 shares of the company’s stock after buying an additional 15,358 shares during the quarter. HighTower Advisors LLC’s holdings in Wheaton Precious Metals were worth $25,281,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WPM. TD Waterhouse Canada Inc. raised its stake in Wheaton Precious Metals by 9.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 809,093 shares of the company’s stock worth $89,886,000 after purchasing an additional 69,496 shares in the last quarter. J. Safra Sarasin Holding AG grew its position in shares of Wheaton Precious Metals by 38.5% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 68,485 shares of the company’s stock worth $7,659,000 after purchasing an additional 19,050 shares in the last quarter. Varma Mutual Pension Insurance Co grew its position in shares of Wheaton Precious Metals by 8.5% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 207,358 shares of the company’s stock worth $23,210,000 after purchasing an additional 16,300 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Wheaton Precious Metals by 3.5% during the third quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock worth $811,726,000 after purchasing an additional 244,027 shares during the period. Finally, Mediolanum International Funds Ltd increased its holdings in shares of Wheaton Precious Metals by 35.6% during the third quarter. Mediolanum International Funds Ltd now owns 72,970 shares of the company’s stock worth $8,063,000 after purchasing an additional 19,159 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.7%

Shares of NYSE:WPM opened at $126.39 on Friday. The firm has a 50 day moving average of $134.50 and a 200-day moving average of $129.47. Wheaton Precious Metals Corp. has a 12 month low of $84.46 and a 12 month high of $165.76. The stock has a market capitalization of $57.39 billion, a PE ratio of 31.92, a PEG ratio of 2.46 and a beta of 0.50.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million for 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 firm’s revenue for the quarter was up 91.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, research analysts predict that Wheaton Precious Metals Corp. will post 4.87 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WPM shares. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Securities raised their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. TD Cowen lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Scotiabank upped their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.64.

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.