Integrated Quantitative Investments LLC Invests $925,000 in Wheaton Precious Metals Corp. $WPM

Integrated Quantitative Investments LLC bought a new position 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 fund bought 10,297 shares of the company’s stock, valued at approximately $925,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Wheaton Precious Metals by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock valued at $1,396,556,000 after purchasing an additional 324,340 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after buying an additional 355,533 shares during the period. Bank of Montreal Can lifted its stake in shares of Wheaton Precious Metals by 10.3% in the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock valued at $460,736,000 after acquiring an additional 478,236 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after acquiring an additional 470,651 shares during the period. Finally, Geode Capital Management LLC grew its position in Wheaton Precious Metals by 20.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock worth $332,793,000 after acquiring an additional 622,003 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Down 1.5%

NYSE WPM opened at $104.15 on Monday. The firm has a market capitalization of $47.29 billion, a PE ratio of 60.20, a P/E/G ratio of 1.67 and a beta of 0.38. The stock’s 50 day moving average is $104.27 and its 200 day moving average is $95.49. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. On average, research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 20th. Wheaton Precious Metals’s payout ratio is currently 30.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WPM. Berenberg Bank increased their price objective on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Raymond James Financial increased their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued 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 $124.50.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.