Wheaton Precious Metals Corp. $WPM Position Increased by GTS Securities LLC

GTS Securities LLC boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 782.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,376 shares of the company’s stock after buying an additional 26,047 shares during the quarter. GTS Securities LLC’s holdings in Wheaton Precious Metals were worth $3,300,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WPM. Norges Bank acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $864,977,000. BlackRock Inc. acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter worth $581,250,000. Canada Pension Plan Investment Board acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter worth $351,708,000. Bank of America Corp DE acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter worth $328,309,000. Finally, Legal & General Group Plc acquired a new stake in shares of Wheaton Precious Metals during the second quarter worth $320,838,000. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $153.48 on Friday. The company’s fifty day moving average is $122.54 and its two-hundred day moving average is $131.28. The company has a market cap of $69.70 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.71 and a beta of 0.55. Wheaton Precious Metals Corp. has a 12-month low of $92.57 and a 12-month high of $165.76. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.20.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $0.63 earnings per share. Wheaton Precious Metals’s revenue was up 84.7% compared to the same quarter last year. Equities analysts expect that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a report on Tuesday, July 28th. Bank of America dropped their price target on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group cut their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. UBS Group reduced their price objective on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Wall Street Zen cut shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average target price 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.