Vise Technologies Inc. Takes $1.70 Million Position in Wheaton Precious Metals Corp. $WPM

Vise Technologies Inc. bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 15,117 shares of the company’s stock, valued at approximately $1,698,000.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Wheaton Precious Metals during the fourth quarter valued at about $864,977,000. BlackRock Inc. bought a new position in shares of Wheaton Precious Metals in the second quarter worth about $581,250,000. Deutsche Bank AG bought a new position in shares of Wheaton Precious Metals in the second quarter worth about $310,372,000. Arrowstreet Capital Limited Partnership grew its position in shares of Wheaton Precious Metals by 40.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company’s stock worth $694,951,000 after purchasing an additional 1,715,540 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Wheaton Precious Metals by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after purchasing an additional 1,402,092 shares during the period. Institutional investors own 70.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group lowered their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Jefferies Financial Group decreased their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Bank of America decreased their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.55.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $157.80 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $92.57 and a 52 week high of $165.76. The stock has a market capitalization of $71.67 billion, a P/E ratio of 34.99, a PEG ratio of 2.65 and a beta of 0.55. The firm has a fifty day simple moving average of $119.19 and a two-hundred day simple moving average of $130.48. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. On average, analysts expect that Wheaton Precious Metals Corp. will post 4.8 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s payout ratio is presently 17.29%.

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.