Partners Group Holding AG Buys Shares of 7,926 Wheaton Precious Metals Corp. $WPM

Partners Group Holding AG bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,926 shares of the company’s stock, valued at approximately $931,000.

A number of other large investors have also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC boosted its holdings in shares of Wheaton Precious Metals by 1.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock worth $494,000 after purchasing an additional 78 shares during the last quarter. Gables Capital Management Inc. boosted its holdings in shares of Wheaton Precious Metals by 7.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock worth $127,000 after purchasing an additional 79 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Wheaton Precious Metals by 2.5% during the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock worth $388,000 after purchasing an additional 81 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its holdings in shares of Wheaton Precious Metals by 1.7% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock worth $632,000 after purchasing an additional 92 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Wheaton Precious Metals by 3.9% during the fourth quarter. Capital Investment Advisors LLC now owns 2,460 shares of the company’s stock worth $289,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 4.2%

Shares of WPM opened at $123.99 on Wednesday. The firm has a market capitalization of $56.30 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 2.50 and a beta of 0.50. The stock’s fifty day simple moving average is $135.84 and its 200 day simple moving average is $129.07. Wheaton Precious Metals Corp. has a twelve month low of $79.93 and a twelve month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results 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 business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business’s quarterly revenue was up 91.7% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 4.87 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. TD Securities raised their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective on the stock. Scotiabank raised their price objective on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, Zacks Research cut 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.