Wheaton Precious Metals Corp. $WPM Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,776 shares of the company’s stock after buying an additional 10,287 shares during the period. Wheaton Precious Metals accounts for 2.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 12th largest holding. U S Global Investors Inc.’s holdings in Wheaton Precious Metals were worth $18,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. TD Waterhouse Canada Inc. lifted its stake in Wheaton Precious Metals by 9.4% in the third quarter. TD Waterhouse Canada Inc. now owns 809,093 shares of the company’s stock valued at $89,886,000 after buying an additional 69,496 shares during the last quarter. J. Safra Sarasin Holding AG lifted its stake in Wheaton Precious Metals by 38.5% in the third quarter. J. Safra Sarasin Holding AG now owns 68,485 shares of the company’s stock valued at $7,659,000 after buying an additional 19,050 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Wheaton Precious Metals in the third quarter valued at approximately $11,355,000. Varma Mutual Pension Insurance Co lifted its stake in Wheaton Precious Metals by 8.5% in the third quarter. Varma Mutual Pension Insurance Co now owns 207,358 shares of the company’s stock valued at $23,210,000 after buying an additional 16,300 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in Wheaton Precious Metals by 3.5% in the third quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock valued at $811,726,000 after buying an additional 244,027 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $141.65 on Friday. The business’s fifty day moving average price is $141.78 and its 200 day moving average price is $125.34. Wheaton Precious Metals Corp. has a 1-year low of $75.42 and a 1-year high of $165.76. The firm has a market capitalization of $64.32 billion, a PE ratio of 43.72, a P/E/G ratio of 3.08 and a beta of 0.60.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.31. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The firm had revenue of $864.71 million for the quarter, compared to analyst estimates of $719.59 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Wheaton Precious Metals’s quarterly revenue was up 127.3% on a year-over-year basis. Equities research analysts expect that Wheaton Precious Metals Corp. will post 4.83 earnings per share for the current fiscal year.

Wheaton Precious Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.6%. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, March 31st. Wheaton Precious Metals’s dividend payout ratio is currently 24.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Securities boosted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective for the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, March 27th. Finally, Scotiabank boosted their target price on Wheaton Precious Metals from $175.00 to $178.00 and gave the company a “sector outperform” rating in a report on Monday, March 16th. Thirteen equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $155.45.

Wheaton Precious Metals 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.