Capital International Inc. CA Buys 5,254 Shares of Wheaton Precious Metals Corp. $WPM

Capital International Inc. CA grew its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 2.0% during the 4th quarter, HoldingsChannel reports. The firm owned 264,131 shares of the company’s stock after purchasing an additional 5,254 shares during the quarter. Capital International Inc. CA’s holdings in Wheaton Precious Metals were worth $31,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Concurrent Investment Advisors LLC increased its stake in shares of Wheaton Precious Metals by 1.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock valued at $494,000 after purchasing an additional 78 shares during the last quarter. Gables Capital Management Inc. increased its stake in shares of Wheaton Precious Metals by 7.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock valued at $127,000 after purchasing an additional 79 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Wheaton Precious Metals by 2.5% in the 4th quarter. Focus Financial Network Inc. now owns 3,305 shares of the company’s stock valued at $388,000 after purchasing an additional 81 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Wheaton Precious Metals by 0.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,926 shares of the company’s stock valued at $1,343,000 after purchasing an additional 91 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. increased its stake in shares of Wheaton Precious Metals by 1.7% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company’s stock valued at $632,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WPM. TD Cowen lifted their price target 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. TD Securities lifted their price target 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. Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Scotiabank lifted their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Friday, March 27th. Thirteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Stock Down 9.7%

Shares of WPM stock opened at $116.04 on Friday. The firm has a market capitalization of $52.69 billion, a P/E ratio of 29.30, a P/E/G ratio of 2.19 and a beta of 0.51. Wheaton Precious Metals Corp. has a twelve month low of $85.59 and a twelve month high of $165.76. The stock’s fifty day simple moving average is $134.24 and its 200 day simple moving average is $131.35.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.Wheaton Precious Metals’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 4.98 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is currently 19.70%.

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.