134,234 Shares in Wheaton Precious Metals Corp. $WPM Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 134,234 shares of the company’s stock, valued at approximately $17,586,000.

A number of other large investors also recently bought and sold shares of WPM. Leonteq Securities AG increased its stake in shares of Wheaton Precious Metals by 2,154.7% during the first quarter. Leonteq Securities AG now owns 7,373 shares of the company’s stock worth $966,000 after acquiring an additional 7,046 shares during the period. USS Investment Management Ltd boosted its holdings in Wheaton Precious Metals by 2.1% in the 1st quarter. USS Investment Management Ltd now owns 95,486 shares of the company’s stock valued at $12,507,000 after purchasing an additional 1,953 shares in the last quarter. Intrua Financial LLC boosted its holdings in Wheaton Precious Metals by 11.4% in the 1st quarter. Intrua Financial LLC now owns 1,957 shares of the company’s stock valued at $256,000 after purchasing an additional 200 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in Wheaton Precious Metals by 0.7% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 103,358 shares of the company’s stock worth $13,524,000 after purchasing an additional 752 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in Wheaton Precious Metals by 20.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 298,718 shares of the company’s stock worth $39,054,000 after purchasing an additional 51,323 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

WPM opened at $115.58 on Friday. Wheaton Precious Metals Corp. has a 1-year low of $85.59 and a 1-year high of $165.76. The stock has a market cap of $52.49 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.10 and a beta of 0.55. The stock’s 50 day simple moving average is $125.90 and its 200 day simple moving average is $132.79.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share 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 for the quarter, compared to analyst estimates of $868.35 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. Wheaton Precious Metals’s revenue was up 91.7% compared to the same quarter last year. Research analysts expect that Wheaton Precious Metals Corp. will post 4.99 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 19.70%.

Wall Street Analyst Weigh In

Several analysts have recently commented on WPM shares. Scotiabank raised their price target on Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. TD Cowen upped their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. UBS Group cut their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday. Finally, Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.73.

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.