Osmosis Investment Management UK Ltd Invests $1.33 Million in Wheaton Precious Metals Corp. $WPM

Osmosis Investment Management UK Ltd bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 11,863 shares of the company’s stock, valued at approximately $1,334,000.

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

Wall Street Analyst Weigh In

WPM has been the topic of a number of analyst reports. UBS Group lowered their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Royal Bank Of Canada cut their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank reduced their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. Finally, Bank of America cut their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twelve 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Stock Up 1.6%

NYSE WPM opened at $160.25 on Tuesday. The stock’s 50 day simple moving average is $119.91 and its 200 day simple moving average is $130.64. Wheaton Precious Metals Corp. has a one year low of $92.57 and a one year high of $165.76. The firm has a market cap of $72.78 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.79 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million during the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 4.8 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.195 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

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.