DJE Kapital AG Sells 75,700 Shares of Wheaton Precious Metals Corp. $WPM

DJE Kapital AG lowered its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 48.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,890 shares of the company’s stock after selling 75,700 shares during the quarter. DJE Kapital AG’s holdings in Wheaton Precious Metals were worth $10,214,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. LBP AM SA boosted its position in Wheaton Precious Metals by 632.2% during the fourth quarter. LBP AM SA now owns 119,855 shares of the company’s stock valued at $14,085,000 after purchasing an additional 103,485 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $2,052,000. Exchange Traded Concepts LLC increased its position in shares of Wheaton Precious Metals by 16.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 216,652 shares of the company’s stock worth $25,461,000 after purchasing an additional 30,725 shares during the last quarter. J. Safra Sarasin Holding AG increased its position in shares of Wheaton Precious Metals by 40.5% during the 4th quarter. J. Safra Sarasin Holding AG now owns 96,214 shares of the company’s stock worth $11,308,000 after purchasing an additional 27,729 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in shares of Wheaton Precious Metals by 12.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 75,180 shares of the company’s stock worth $8,835,000 after purchasing an additional 8,068 shares in the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

WPM has been the subject of several analyst reports. Royal Bank Of Canada decreased their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Scotiabank cut their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Bank of America cut their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and an average target price of $161.09.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $103.56 on Tuesday. Wheaton Precious Metals Corp. has a 52 week low of $89.70 and a 52 week high of $165.76. The company has a market capitalization of $47.03 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.85 and a beta of 0.55. The company has a 50-day simple moving average of $119.74 and a 200 day simple moving average of $131.94.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. The firm had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The business’s revenue was up 91.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Sell-side analysts forecast that Wheaton Precious Metals Corp. will post 4.82 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. Wheaton Precious Metals’s dividend payout ratio is presently 19.70%.

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.