Partners Group Holding AG Acquires Shares of 7,926 Wheaton Precious Metals Corp. $WPM

Partners Group Holding AG acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,926 shares of the company’s stock, valued at approximately $931,000.

Several other hedge funds also recently added to or reduced their stakes in WPM. Nisa Investment Advisors LLC purchased a new position in Wheaton Precious Metals in the third quarter valued at about $26,000. Assetmark Inc. raised its position in Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the period. Root Financial Partners LLC purchased a new position in Wheaton Precious Metals in the third quarter valued at about $29,000. Navalign LLC purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $30,000. Finally, Eagle Bay Advisors LLC purchased a new position in Wheaton Precious Metals in the fourth quarter valued at about $32,000. 70.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WPM has been the topic of several research reports. Zacks Research lowered Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Cowen lifted their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Scotiabank lifted their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. TD Securities lifted their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $123.99 on Wednesday. The company has a market capitalization of $56.30 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.50 and a beta of 0.50. Wheaton Precious Metals Corp. has a one year low of $79.93 and a one year high of $165.76. The stock has a 50-day simple moving average of $135.84 and a 200 day simple moving average of $129.07.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company’s revenue for the quarter was up 91.7% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 4.87 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio (DPR) is 19.70%.

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.