NINE MASTS CAPITAL Ltd Acquires Shares of 3,270 Wheaton Precious Metals Corp. $WPM

NINE MASTS CAPITAL Ltd bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,270 shares of the company’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantitative Investment Management LLC increased its position in shares of Wheaton Precious Metals by 204.6% in the second quarter. Quantitative Investment Management LLC now owns 12,730 shares of the company’s stock worth $1,429,000 after acquiring an additional 8,551 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Wheaton Precious Metals by 9.0% in the 2nd quarter. Ancora Advisors LLC now owns 1,264 shares of the company’s stock valued at $142,000 after acquiring an additional 104 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Wheaton Precious Metals in the 2nd quarter worth approximately $791,000. Benjamin Edwards Inc. boosted its stake in Wheaton Precious Metals by 48.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 16,895 shares of the company’s stock worth $1,897,000 after purchasing an additional 5,503 shares during the period. Finally, GTS Securities LLC boosted its stake in Wheaton Precious Metals by 782.4% in the 2nd quarter. GTS Securities LLC now owns 29,376 shares of the company’s stock worth $3,300,000 after purchasing an additional 26,047 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on WPM shares. Scotiabank cut 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 research note on Tuesday, July 14th. Weiss Ratings cut Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group lowered their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Finally, Royal Bank Of Canada dropped their price target on 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. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.55.

Wheaton Precious Metals Stock Up 0.1%

Wheaton Precious Metals stock opened at $153.48 on Monday. Wheaton Precious Metals Corp. has a twelve month low of $92.57 and a twelve month high of $165.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $69.70 billion, a PE ratio of 34.03, a P/E/G ratio of 2.71 and a beta of 0.55. The firm’s 50 day moving average price is $122.54 and its two-hundred day moving average price is $131.20.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same quarter last year, the business posted $0.63 EPS. The company’s revenue for the quarter was up 84.7% on a year-over-year basis. On average, research analysts predict that Wheaton Precious Metals Corp. will post 4.79 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

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.