J. Goldman & Co LP Purchases Shares of 5,500 Wheaton Precious Metals Corp. $WPM

J. Goldman & Co LP acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,500 shares of the company’s stock, valued at approximately $618,000.

A number of other hedge funds also recently made changes to their positions in WPM. EFG International AG acquired a new stake in shares of Wheaton Precious Metals during the 2nd quarter valued at about $52,000. Ancora Advisors LLC acquired a new position in Wheaton Precious Metals in the second quarter worth about $142,000. Canada Pension Plan Investment Board acquired a new position in Wheaton Precious Metals in the second quarter worth about $351,708,000. Manatuck Hill Partners LLC bought a new position in Wheaton Precious Metals during the second quarter worth about $899,000. Finally, Legal & General Group Plc bought a new position in Wheaton Precious Metals during the second quarter worth about $320,838,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $155.75 on Thursday. Wheaton Precious Metals Corp. has a twelve month low of $92.57 and a twelve month high of $165.76. The firm has a market cap of $70.74 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The business has a fifty day moving average of $121.21 and a 200-day moving average of $130.97.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $879.29 million. During the same period in the previous year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 4.79 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.195 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 17.29%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group lowered their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. 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 report on Tuesday, June 30th. Royal Bank Of Canada reduced their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Finally, Scotiabank dropped their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Company 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.