TMB Capital Partners LLC Purchases Shares of 25,500 Wheaton Precious Metals Corp. $WPM

TMB Capital Partners LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the 4th quarter, Holdings Channel.com reports. The firm acquired 25,500 shares of the company’s stock, valued at approximately $2,997,000. Wheaton Precious Metals comprises about 1.0% of TMB Capital Partners LLC’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its position in shares of Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after purchasing an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Wheaton Precious Metals in the 4th quarter valued at $28,000. Navalign LLC bought a new stake in Wheaton Precious Metals in the 4th quarter valued at $30,000. Finally, Eagle Bay Advisors LLC acquired a new position in Wheaton Precious Metals in the 4th quarter valued at $32,000. Institutional investors own 70.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WPM. TD Cowen increased their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Friday, March 27th. 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. TD Securities lifted their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Stock Performance

WPM opened at $122.60 on Friday. The firm has a market cap of $55.68 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.37 and a beta of 0.51. Wheaton Precious Metals Corp. has a 52-week low of $85.59 and a 52-week high of $165.76. The business’s fifty day moving average is $132.00 and its 200-day moving average is $132.47.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating 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 the consensus estimate of $868.35 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 91.7% compared to the same quarter last year. On average, research analysts predict that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is 19.70%.

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.