Quantinno Capital Management LP Acquires 9,922 Shares of Wheaton Precious Metals Corp. $WPM

Quantinno Capital Management LP boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 25.2% during the first quarter, Holdings Channel reports. The fund owned 49,345 shares of the company’s stock after acquiring an additional 9,922 shares during the period. Quantinno Capital Management LP’s holdings in Wheaton Precious Metals were worth $6,465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Assetmark Inc. increased its holdings in shares of Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in Wheaton Precious Metals by 100.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after buying an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC raised its position in shares of Wheaton Precious Metals by 245.5% during the first quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock worth $29,000 after acquiring an additional 162 shares during the last quarter. Finally, Navalign LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $30,000. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Up 6.8%

Shares of NYSE WPM opened at $123.28 on Thursday. The company has a fifty day moving average price of $115.22 and a 200 day moving average price of $130.87. The firm has a market cap of $55.99 billion, a PE ratio of 31.13, a PEG ratio of 2.13 and a beta of 0.55. Wheaton Precious Metals Corp. has a 1-year low of $90.94 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. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 91.7% compared to the same quarter last year. Equities research analysts forecast that Wheaton Precious Metals Corp. will post 4.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WPM. Weiss Ratings downgraded shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. BMO Capital Markets started coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price target on the stock. Bank of America cut their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada cut their price target on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a report on Tuesday, July 28th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.55.

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.