Wheaton Precious Metals Corp. $WPM Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 60.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,401 shares of the company’s stock after selling 6,671 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Wheaton Precious Metals were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WPM. AQR Capital Management LLC acquired a new position in shares of Wheaton Precious Metals in the first quarter valued at approximately $331,000. Focus Partners Wealth boosted its position in Wheaton Precious Metals by 10.7% during the first quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock worth $871,000 after acquiring an additional 1,081 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Wheaton Precious Metals during the first quarter worth approximately $209,000. Sivia Capital Partners LLC purchased a new stake in Wheaton Precious Metals in the 2nd quarter worth approximately $239,000. Finally, Rhumbline Advisers raised its holdings in Wheaton Precious Metals by 28.3% in the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock valued at $265,000 after acquiring an additional 652 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Securities raised 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. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 target price on the stock. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, March 27th. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. 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, Wheaton Precious Metals currently has an average rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Trading Up 0.0%

Shares of Wheaton Precious Metals stock opened at $113.32 on Monday. Wheaton Precious Metals Corp. has a twelve month low of $85.59 and a twelve month high of $165.76. The stock has a market cap of $51.46 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 2.13 and a beta of 0.51. The company has a fifty day moving average price of $128.66 and a 200 day moving average price of $132.83.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS 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 period last year, the company posted $0.55 earnings per share. The firm’s revenue was up 91.7% compared to the same quarter last year. Analysts forecast that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is 19.70%.

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.