DJE Kapital AG Grows Position in Wheaton Precious Metals Corp. $WPM

DJE Kapital AG boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 101.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,590 shares of the company’s stock after purchasing an additional 78,200 shares during the period. DJE Kapital AG’s holdings in Wheaton Precious Metals were worth $18,142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. lifted its position 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 purchasing an additional 130 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after purchasing an additional 117 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $28,000. Navalign LLC purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $30,000. Finally, Eagle Bay Advisors LLC purchased a new position in Wheaton Precious Metals during the fourth quarter valued at $32,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Up 4.7%

Shares of Wheaton Precious Metals stock opened at $112.58 on Friday. The stock’s 50-day simple moving average is $133.22 and its 200-day simple moving average is $131.84. Wheaton Precious Metals Corp. has a 52 week low of $85.59 and a 52 week high of $165.76. The company has a market capitalization of $51.12 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.03 and a beta of 0.51.

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, topping 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 firm had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 91.7% compared to the same quarter last year. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 annualized dividend 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%.

Analyst Ratings Changes

Several brokerages have recently commented on WPM. UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Friday, March 27th. TD Cowen boosted their price objective 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. TD Securities boosted their price objective 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. BMO Capital Markets began coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective on the stock. Finally, Zacks Research downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals 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.