Euro Pacific Asset Management LLC Grows Holdings in Wheaton Precious Metals Corp. $WPM

Euro Pacific Asset Management LLC lifted its stake in Wheaton Precious Metals Corp. (NYSE:WPMFree Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 294,402 shares of the company’s stock after buying an additional 8,455 shares during the quarter. Wheaton Precious Metals makes up about 3.6% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Euro Pacific Asset Management LLC owned about 0.06% of Wheaton Precious Metals worth $37,895,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC grew its position in shares of Wheaton Precious Metals by 0.6% during the fourth quarter. Parvin Asset Management LLC now owns 11,925 shares of the company’s stock valued at $1,401,000 after purchasing an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Wheaton Precious Metals by 0.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock worth $2,405,000 after purchasing an additional 75 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Wheaton Precious Metals by 1.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock worth $494,000 after buying an additional 78 shares in the last quarter. Gables Capital Management Inc. boosted its stake in Wheaton Precious Metals by 7.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock valued at $127,000 after buying an additional 79 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its stake in Wheaton Precious Metals by 2.5% during the fourth quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock valued at $388,000 after buying an additional 81 shares during the last quarter. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Down 0.1%

WPM opened at $104.16 on Friday. The stock has a 50-day moving average of $120.54 and a 200 day moving average of $131.94. Wheaton Precious Metals Corp. has a 12 month low of $87.96 and a 12 month high of $165.76. The firm has a market cap of $47.30 billion, a P/E ratio of 26.30, a P/E/G ratio of 1.86 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPMGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 4.8 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a $0.195 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WPM. BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target for the company. Scotiabank lowered 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 report on Tuesday. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, UBS Group reduced their price target on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.09.

Get Our Latest Report on Wheaton Precious Metals

Wheaton Precious Metals Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Wheaton Precious Metals (NYSE:WPM)

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