Formuepleje A S Purchases 7,515 Shares of Wheaton Precious Metals Corp. $WPM

Formuepleje A S purchased a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the third quarter, Holdings Channel reports. The firm purchased 7,515 shares of the company’s stock, valued at approximately $1,005,000.

A number of other hedge funds have also recently made changes to their positions in WPM. BlackRock Inc. purchased a new position in Wheaton Precious Metals in the second quarter valued at approximately $581,250,000. Canada Pension Plan Investment Board bought a new position in Wheaton Precious Metals during the second quarter valued at $351,708,000. Bank of America Corp DE purchased a new stake in Wheaton Precious Metals in the second quarter worth $328,309,000. Legal & General Group Plc purchased a new stake in Wheaton Precious Metals in the second quarter worth $320,838,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Wheaton Precious Metals in the second quarter valued at $310,738,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on WPM. Weiss Ratings raised Wheaton Precious Metals from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 9th. Jefferies Financial Group lowered 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 report on Monday, July 6th. Royal Bank Of Canada raised their price objective on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Bank of America reduced their price target on 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. Finally, Scotiabank cut their target price on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.11.

Wheaton Precious Metals Price Performance

Shares of WPM traded up $2.33 during mid-day trading on Thursday, reaching $131.91. 817,747 shares of the stock traded hands, compared to its average volume of 2,195,735. The company has a market cap of $59.91 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.48 and a beta of 0.54. Wheaton Precious Metals Corp. has a 1 year low of $92.57 and a 1 year high of $165.76. The firm has a fifty day moving average price of $144.36 and a 200 day moving average price of $131.55. The company has a current ratio of 0.47, a quick 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 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%. The firm’s revenue was up 84.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 4.80 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.