Wheaton Precious Metals Corp. $WPM Stake Increased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lifted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 828,214 shares of the company’s stock after buying an additional 38,301 shares during the period. Wheaton Precious Metals comprises approximately 0.8% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 29th biggest position. Jupiter Asset Management Ltd.’s holdings in Wheaton Precious Metals were worth $97,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. raised its stake in shares of Wheaton Precious Metals by 9.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 809,093 shares of the company’s stock valued at $89,886,000 after acquiring an additional 69,496 shares in the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of Wheaton Precious Metals by 8.5% in the third quarter. Varma Mutual Pension Insurance Co now owns 207,358 shares of the company’s stock valued at $23,210,000 after purchasing an additional 16,300 shares during the period. TD Asset Management Inc lifted its stake in shares of Wheaton Precious Metals by 3.5% in the third quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock worth $811,726,000 after buying an additional 244,027 shares during the last quarter. Mediolanum International Funds Ltd grew its stake in Wheaton Precious Metals by 35.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 72,970 shares of the company’s stock valued at $8,063,000 after buying an additional 19,159 shares during the last quarter. Finally, Sprott Inc. raised its holdings in Wheaton Precious Metals by 3.0% in the 3rd quarter. Sprott Inc. now owns 1,151,886 shares of the company’s stock worth $128,928,000 after acquiring an additional 33,076 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 2.5%

Shares of NYSE:WPM opened at $130.30 on Friday. The firm has a market capitalization of $59.17 billion, a PE ratio of 32.90, a PEG ratio of 2.40 and a beta of 0.50. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76. The business’s 50 day moving average is $133.54 and its 200-day moving average is $130.60.

Wheaton Precious Metals (NYSE:WPM) last issued its 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. The business had revenue of $901.47 million during 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%.Wheaton Precious Metals’s revenue was up 91.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 4.98 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis 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 presently 19.70%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Securities upped their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Friday, March 27th. Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank lifted their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.