Wheaton Precious Metals Corp. $WPM Holdings Raised by Leonteq Securities AG

Leonteq Securities AG increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 2,154.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,373 shares of the company’s stock after purchasing an additional 7,046 shares during the quarter. Leonteq Securities AG’s holdings in Wheaton Precious Metals were worth $966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USS Investment Management Ltd increased its stake in Wheaton Precious Metals by 2.1% during the 1st quarter. USS Investment Management Ltd now owns 95,486 shares of the company’s stock valued at $12,507,000 after buying an additional 1,953 shares during the period. Intrua Financial LLC lifted its stake in shares of Wheaton Precious Metals by 11.4% in the 1st quarter. Intrua Financial LLC now owns 1,957 shares of the company’s stock worth $256,000 after acquiring an additional 200 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Wheaton Precious Metals by 0.7% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 103,358 shares of the company’s stock valued at $13,524,000 after acquiring an additional 752 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Wheaton Precious Metals by 20.7% in the first quarter. Pictet Asset Management Holding SA now owns 298,718 shares of the company’s stock valued at $39,054,000 after acquiring an additional 51,323 shares in the last quarter. Finally, Value Partners Investments Inc. increased its stake in shares of Wheaton Precious Metals by 5.6% during the first quarter. Value Partners Investments Inc. now owns 18,575 shares of the company’s stock valued at $2,433,000 after acquiring an additional 979 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $115.58 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The company has a market capitalization of $52.49 billion, a P/E ratio of 29.19, a PEG ratio of 2.18 and a beta of 0.55. The company’s 50 day simple moving average is $125.32 and its 200 day simple moving average is $132.67.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results 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 firm had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The firm’s revenue for the quarter was up 91.7% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

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

Analyst Ratings Changes

WPM has been the topic of several recent analyst reports. TD Cowen boosted their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a 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 boosted their price objective on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. UBS Group dropped their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.73.

Wheaton Precious Metals Company 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.