Janus Henderson Group PLC Raises Stake in Wheaton Precious Metals Corp. $WPM

Janus Henderson Group PLC grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 7.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 160,449 shares of the company’s stock after purchasing an additional 11,186 shares during the period. Janus Henderson Group PLC’s holdings in Wheaton Precious Metals were worth $21,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Oddo BHF Asset Management Sas increased its holdings in shares of Wheaton Precious Metals by 4.5% during the 1st quarter. Oddo BHF Asset Management Sas now owns 37,100 shares of the company’s stock valued at $4,860,000 after purchasing an additional 1,600 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in Wheaton Precious Metals during the first quarter worth $159,000. Guardian Partners Inc. boosted its holdings in Wheaton Precious Metals by 80.3% during the first quarter. Guardian Partners Inc. now owns 15,106 shares of the company’s stock worth $1,982,000 after buying an additional 6,726 shares in the last quarter. Amundi boosted its holdings in Wheaton Precious Metals by 3.2% during the first quarter. Amundi now owns 2,531,060 shares of the company’s stock worth $331,594,000 after buying an additional 77,903 shares in the last quarter. Finally, Parvin Asset Management LLC grew its position in Wheaton Precious Metals by 4.6% during the first quarter. Parvin Asset Management LLC now owns 12,470 shares of the company’s stock valued at $1,634,000 after buying an additional 545 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Up 2.7%

WPM stock opened at $111.94 on Tuesday. The company has a market cap of $50.84 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.02 and a beta of 0.55. Wheaton Precious Metals Corp. has a 12 month low of $90.94 and a 12 month high of $165.76. The firm has a 50-day moving average of $115.58 and a two-hundred day moving average of $131.08.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. During the same period in the prior year, the business earned $0.55 EPS. The firm’s quarterly revenue was up 91.7% on a year-over-year basis. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.62 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on WPM shares. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Bank of America dropped their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings lowered Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Scotiabank reduced their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada lowered their price target on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average target price of $165.55.

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.