Mufg Securities Canada LTD. Trims Holdings in Wheaton Precious Metals Corp. $WPM

Mufg Securities Canada LTD. trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 691,299 shares of the company’s stock after selling 59,878 shares during the quarter. Wheaton Precious Metals comprises 2.3% of Mufg Securities Canada LTD.’s holdings, making the stock its 16th largest position. Mufg Securities Canada LTD. owned approximately 0.15% of Wheaton Precious Metals worth $81,289,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WPM. TD Asset Management Inc raised its position in Wheaton Precious Metals by 3.5% during the third quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock valued at $811,726,000 after acquiring an additional 244,027 shares in the last quarter. Sprott Inc. raised its position in Wheaton Precious Metals by 3.0% during the third quarter. Sprott Inc. now owns 1,151,886 shares of the company’s stock valued at $128,928,000 after acquiring an additional 33,076 shares in the last quarter. LBP AM SA raised its position in Wheaton Precious Metals by 632.2% during the fourth quarter. LBP AM SA now owns 119,855 shares of the company’s stock valued at $14,085,000 after acquiring an additional 103,485 shares in the last quarter. Moody Lynn & Lieberson LLC purchased a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $2,052,000. Finally, Montrusco Bolton Investments Inc. raised its position in Wheaton Precious Metals by 107.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 233,795 shares of the company’s stock valued at $26,169,000 after acquiring an additional 120,866 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

Wheaton Precious Metals stock opened at $116.09 on Monday. The stock has a market capitalization of $52.72 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.51. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The business has a 50 day simple moving average of $132.81 and a 200-day simple moving average of $131.94.

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

Wheaton Precious Metals Announces Dividend

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

Analysts Set New Price Targets

WPM has been the subject of several recent research reports. 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 report 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 report on Monday, March 16th. 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 report on Thursday, May 14th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.

About Wheaton Precious Metals

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.