PKO Investment Management Joint Stock Co Decreases Position in Wheaton Precious Metals Corp. $WPM

PKO Investment Management Joint Stock Co reduced its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 24.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 137,891 shares of the company’s stock after selling 44,300 shares during the period. Wheaton Precious Metals comprises 1.3% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 17th biggest holding. PKO Investment Management Joint Stock Co’s holdings in Wheaton Precious Metals were worth $16,240,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Wheaton Precious Metals by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock valued at $2,242,969,000 after purchasing an additional 289,939 shares during the last quarter. TD Asset Management Inc boosted its stake in Wheaton Precious Metals by 3.5% during the 3rd quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock worth $811,726,000 after purchasing an additional 244,027 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Wheaton Precious Metals by 36.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock worth $777,938,000 after buying an additional 1,847,977 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Wheaton Precious Metals by 26.1% during the third quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock worth $722,270,000 after buying an additional 1,335,588 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Wheaton Precious Metals by 12.8% in the second quarter. Bank of America Corp DE now owns 4,481,459 shares of the company’s stock valued at $402,435,000 after buying an additional 507,577 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Key Headlines Impacting Wheaton Precious Metals

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: Wheaton added a 1.5% net-smelter-return (NSR) royalty on gold and silver from the Spanish Mountain project, expanding its royalty portfolio and growth pipeline; the piece also notes WPM is a Goldman Sachs top gold pick. Wheaton Precious Metals Corp. (WPM) Bolsters Gold Portfolio with Spanish Mountain Royalty Deal
• Positive Sentiment: Analysts expect Q1 earnings growth and WPM is flagged as having the right setup for a likely earnings beat next week, which supports upside from fundamentals and could lift sentiment if results meet or exceed forecasts. Wheaton Precious Metals Corp. (WPM) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Gold-sector peers are heading into earnings with mixed drivers — higher gold prices and new mine output are supportive, but cost inflation is a recurring theme; those sector dynamics could influence WPM’s post-earnings reaction. B2Gold Set to Report Q1 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Peer outlooks such as IAMGOLD’s strong forecast (helped by project ramp-ups) suggest industry-level upside from robust gold prices, which could benefit royalty companies like Wheaton if realized. IAMGOLD to Report Q1 Earnings: What’s in Store for the Stock?
• Negative Sentiment: Despite the positive news, shares are trading lower today and sit below the 50-day moving average, with volume under its recent average — technical pressure and short-term profit-taking may be weighing on the stock.

Wheaton Precious Metals Price Performance

Shares of NYSE WPM opened at $125.61 on Friday. The company has a market capitalization of $57.04 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.65 and a beta of 0.50. The company has a 50 day simple moving average of $140.42 and a 200-day simple moving average of $126.31. Wheaton Precious Metals Corp. has a 1 year low of $75.42 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.31. The firm had revenue of $864.71 million for the quarter, compared to analysts’ expectations of $719.59 million. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The firm’s quarterly revenue was up 127.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, research analysts expect that Wheaton Precious Metals Corp. will post 4.88 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were paid a $0.195 dividend. This is a boost from Wheaton Precious Metals’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio is currently 24.07%.

Analyst Ratings Changes

Several research firms have recently weighed in on WPM. TD Securities raised their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Finally, BMO Capital Markets assumed coverage on Wheaton Precious Metals in a research report on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.45.

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.