Cibc World Market Inc. Has $411.07 Million Stock Holdings in Wheaton Precious Metals Corp. $WPM

Cibc World Market Inc. increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,496,117 shares of the company’s stock after purchasing an additional 163,742 shares during the period. Cibc World Market Inc. owned approximately 0.77% of Wheaton Precious Metals worth $411,073,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Wheaton Precious Metals in the fourth quarter worth about $28,000. Navalign LLC acquired a new position in Wheaton Precious Metals in the fourth quarter worth about $30,000. Eagle Bay Advisors LLC acquired a new position in Wheaton Precious Metals in the fourth quarter worth about $32,000. Finally, Triumph Capital Management acquired a new position in Wheaton Precious Metals in the third quarter worth about $33,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 4.0%

NYSE WPM opened at $125.09 on Thursday. The firm has a market cap of $56.80 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.46 and a beta of 0.51. The company has a 50 day moving average of $134.21 and a 200-day moving average of $131.28. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. The company 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 was up 91.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. On average, analysts forecast that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

WPM has been the subject of several recent research reports. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Scotiabank increased their price target on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. Finally, TD Securities raised their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Thirteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.64.

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.