Moody Lynn & Lieberson LLC Takes Position in Wheaton Precious Metals Corp. $WPM

Moody Lynn & Lieberson LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 17,462 shares of the company’s stock, valued at approximately $2,052,000.

A number of other large investors also recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. raised its position in shares of Wheaton Precious Metals by 9.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 809,093 shares of the company’s stock worth $89,886,000 after purchasing an additional 69,496 shares during the last quarter. J. Safra Sarasin Holding AG boosted its holdings in Wheaton Precious Metals by 38.5% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 68,485 shares of the company’s stock worth $7,659,000 after buying an additional 19,050 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Wheaton Precious Metals during the 3rd quarter worth approximately $11,355,000. Varma Mutual Pension Insurance Co raised its holdings in shares of Wheaton Precious Metals by 8.5% during the third quarter. Varma Mutual Pension Insurance Co now owns 207,358 shares of the company’s stock valued at $23,210,000 after acquiring an additional 16,300 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Wheaton Precious Metals by 7.4% during the third quarter. Voya Investment Management LLC now owns 246,827 shares of the company’s stock valued at $27,608,000 after acquiring an additional 16,908 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

WPM stock opened at $131.14 on Wednesday. The business has a 50 day simple moving average of $141.77 and a 200-day simple moving average of $121.49. The firm has a market capitalization of $59.54 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.50. Wheaton Precious Metals Corp. has a 1 year low of $68.03 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, March 12th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.31. The firm had revenue of $864.71 million for the quarter, compared to the consensus estimate of $719.59 million. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The firm’s revenue was up 127.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. On average, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.195 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.17. Wheaton Precious Metals’s payout ratio is presently 20.37%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Securities lifted their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $130.00 in a research note on Wednesday, December 10th. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Friday, March 27th. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and an average target price of $145.36.

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.