Metis Global Partners LLC Acquires 9,550 Shares of Wheaton Precious Metals Corp. $WPM

Metis Global Partners LLC grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 15.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,544 shares of the company’s stock after acquiring an additional 9,550 shares during the quarter. Metis Global Partners LLC’s holdings in Wheaton Precious Metals were worth $6,254,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Wheaton Precious Metals by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock worth $1,396,556,000 after purchasing an additional 324,340 shares in the last quarter. TD Asset Management Inc lifted its stake in Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock valued at $582,876,000 after buying an additional 355,533 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Wheaton Precious Metals by 10.3% in the second quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock valued at $460,736,000 after buying an additional 478,236 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Wheaton Precious Metals by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after acquiring an additional 470,651 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Wheaton Precious Metals by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock worth $237,552,000 after acquiring an additional 144,782 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $99.05 on Friday. The business has a 50-day moving average of $104.02 and a 200-day moving average of $94.53. The stock has a market capitalization of $44.97 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 1.67 and a beta of 0.38. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, sell-side analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is presently 38.15%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WPM. Bank of America upped their target price on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Raymond James Financial upped their price objective on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. CIBC boosted their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wheaton Precious Metals in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.