Y Intercept Hong Kong Ltd Invests $641,000 in Wheaton Precious Metals Corp. $WPM

Y Intercept Hong Kong Ltd bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,731 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds have also bought and sold shares of the business. Nisa Investment Advisors LLC bought a new position in Wheaton Precious Metals in the 3rd quarter valued at $26,000. Delta Asset Management LLC TN purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth about $27,000. Root Financial Partners LLC purchased a new position in shares of Wheaton Precious Metals in the 3rd quarter worth about $29,000. City State Bank grew its position in Wheaton Precious Metals by 40.0% during the second quarter. City State Bank now owns 560 shares of the company’s stock valued at $50,000 after buying an additional 160 shares during the period. Finally, Pacifica Partners Inc. increased its holdings in Wheaton Precious Metals by 27.8% during the third quarter. Pacifica Partners Inc. now owns 460 shares of the company’s stock worth $51,000 after buying an additional 100 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on WPM shares. Royal Bank Of Canada upgraded shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $130.00 in a research note on Wednesday, December 10th. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Wheaton Precious Metals in a report on Monday, January 26th. Raymond James Financial upped their price objective on Wheaton Precious Metals from $114.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, CIBC upped their price target on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Wheaton Precious Metals presently has a consensus rating of “Buy” and a consensus target price of $140.44.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $136.85 on Wednesday. The stock has a market capitalization of $62.13 billion, a price-to-earnings ratio of 62.20, a PEG ratio of 1.18 and a beta of 0.52. The company’s fifty day simple moving average is $124.04 and its two-hundred day simple moving average is $109.12. Wheaton Precious Metals Corp. has a 1 year low of $63.20 and a 1 year high of $160.36.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The company had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s quarterly revenue was up 54.5% compared to the same quarter last year. Equities research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is currently 30.00%.

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.