Ontario Teachers Pension Plan Board Increases Stock Position in Wheaton Precious Metals Corp. $WPM

Ontario Teachers Pension Plan Board increased its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 35.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,115 shares of the company’s stock after buying an additional 19,824 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Wheaton Precious Metals were worth $6,849,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WPM. Bulwark Capital Corp purchased a new stake in shares of Wheaton Precious Metals during the second quarter worth $27,000. Wealth Preservation Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the first quarter valued at $38,000. Banque Cantonale Vaudoise bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $49,000. City State Bank lifted its holdings in Wheaton Precious Metals by 40.0% during the 2nd quarter. City State Bank now owns 560 shares of the company’s stock worth $50,000 after purchasing an additional 160 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in Wheaton Precious Metals by 77.4% during the 1st quarter. Whittier Trust Co. now owns 763 shares of the company’s stock worth $59,000 after purchasing an additional 333 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Price Performance

Shares of WPM opened at $104.15 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.36. The company has a market capitalization of $47.29 billion, a P/E ratio of 60.20, a P/E/G ratio of 1.67 and a beta of 0.38. The firm’s 50 day simple moving average is $104.27 and its 200 day simple moving average is $95.41.

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

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is currently 30.00%.

Wall Street Analysts Forecast Growth

WPM has been the subject of a number of recent analyst reports. CIBC lifted their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research note on Monday, September 8th. 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 report on Thursday, October 16th. BMO Capital Markets reissued an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Finally, Berenberg Bank boosted their price target on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.50.

Wheaton Precious Metals Company 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.