Jupiter Asset Management Ltd. Purchases 74,913 Shares of Wheaton Precious Metals Corp. $WPM

Jupiter Asset Management Ltd. lifted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 669,281 shares of the company’s stock after purchasing an additional 74,913 shares during the period. Jupiter Asset Management Ltd.’s holdings in Wheaton Precious Metals were worth $60,101,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bulwark Capital Corp bought a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at $27,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Wheaton Precious Metals during the first quarter valued at approximately $38,000. Banque Cantonale Vaudoise purchased a new position in Wheaton Precious Metals during the 1st quarter valued at $49,000. City State Bank lifted its stake in shares of Wheaton Precious Metals by 40.0% in the 2nd quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 160 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of Wheaton Precious Metals by 77.4% in the first quarter. Whittier Trust Co. now owns 763 shares of the company’s stock worth $59,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. CIBC lifted their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Wednesday, October 8th. Raymond James Financial lifted their target price on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.50.

Wheaton Precious Metals Trading Up 1.8%

Shares of NYSE:WPM opened at $104.13 on Wednesday. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $114.36. The company has a market capitalization of $47.28 billion, a PE ratio of 60.19, a P/E/G ratio of 1.67 and a beta of 0.38. The firm has a 50 day simple moving average of $104.11 and a 200-day simple moving average of $95.00.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s revenue was up 54.5% compared to the same quarter last year. As a group, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is presently 30.00%.

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.