Evelyn Partners Investment Management Services Ltd Buys 5,522 Shares of Wheaton Precious Metals Corp. $WPM

Evelyn Partners Investment Management Services Ltd grew its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,110 shares of the company’s stock after purchasing an additional 5,522 shares during the period. Wheaton Precious Metals makes up 1.6% of Evelyn Partners Investment Management Services Ltd’s investment portfolio, making the stock its 18th biggest holding. Evelyn Partners Investment Management Services Ltd’s holdings in Wheaton Precious Metals were worth $13,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the period. Harvest Fund Management Co. Ltd grew 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 purchasing an additional 117 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in Wheaton Precious Metals in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC increased its stake in Wheaton Precious Metals by 245.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. Finally, Navalign LLC bought a new stake in Wheaton Precious Metals during the 4th quarter valued at $30,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Up 0.4%

NYSE WPM opened at $111.91 on Tuesday. The business has a fifty day simple moving average of $117.15 and a 200 day simple moving average of $131.63. Wheaton Precious Metals Corp. has a 12 month low of $90.39 and a 12 month high of $165.76. The firm has a market capitalization of $50.83 billion, a P/E ratio of 28.26, a PEG ratio of 2.01 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 91.7% compared to the same quarter last year. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 4.73 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 19.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on WPM. UBS Group dropped their price objective on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Bank of America decreased their target price on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group lowered their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Scotiabank lowered their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. 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 target on the stock. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.09.

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.