Entropy Technologies LP Makes New $1.54 Million Investment in Wheaton Precious Metals Corp. $WPM

Entropy Technologies LP purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,069 shares of the company’s stock, valued at approximately $1,536,000.

A number of other institutional investors have also bought and sold shares of the business. Johnson Investment Counsel Inc. increased its stake in Wheaton Precious Metals by 0.4% in the 4th quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock worth $2,405,000 after buying an additional 75 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Wheaton Precious Metals by 1.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock worth $494,000 after buying an additional 78 shares in the last quarter. Gables Capital Management Inc. increased its stake in Wheaton Precious Metals by 7.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock worth $127,000 after buying an additional 79 shares in the last quarter. Focus Financial Network Inc. increased its stake in Wheaton Precious Metals by 2.5% in the 4th quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock worth $388,000 after buying an additional 81 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in Wheaton Precious Metals by 0.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,926 shares of the company’s stock worth $1,343,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 6.7%

Shares of NYSE:WPM opened at $123.82 on Tuesday. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The company has a 50-day moving average price of $132.57 and a 200 day moving average price of $132.09. The company has a market cap of $56.23 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.19 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 91.7% compared to the same quarter last year. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Announces Dividend

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

Analysts Set New Price Targets

WPM has been the subject of a number of analyst reports. TD Securities increased their price target 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. Scotiabank increased their price objective 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. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, March 27th. Finally, Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average price target of $155.64.

About Wheaton Precious Metals

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.