Brookstone Capital Management Has $3.51 Million Holdings in Wheaton Precious Metals Corp. $WPM

Brookstone Capital Management lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 188.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,777 shares of the company’s stock after acquiring an additional 17,478 shares during the quarter. Brookstone Capital Management’s holdings in Wheaton Precious Metals were worth $3,508,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Wheaton Precious Metals by 144.4% during the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after acquiring an additional 130 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in shares of Wheaton Precious Metals by 100.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after buying an additional 117 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in Wheaton Precious Metals during the fourth quarter valued at about $28,000. Navalign LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $30,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $32,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 3.3%

Shares of Wheaton Precious Metals stock opened at $112.59 on Thursday. The stock’s fifty day simple moving average is $130.05 and its 200 day simple moving average is $132.74. 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 $51.13 billion, a PE ratio of 28.43, a PEG ratio of 2.19 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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. Wheaton Precious Metals’s revenue for the quarter was up 91.7% compared to the same quarter last year. Analysts predict that Wheaton Precious Metals Corp. will post 4.99 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. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 19.70%.

Analyst Ratings Changes

A number of analysts recently weighed in on WPM shares. Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. TD Cowen upped their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective on the stock. Finally, TD Securities raised their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Twelve 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.com, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average 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.