MUFG Securities EMEA plc Buys New Shares in Wheaton Precious Metals Corp. $WPM

MUFG Securities EMEA plc bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, HoldingsChannel reports. The firm bought 330,000 shares of the company’s stock, valued at approximately $38,804,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. lifted its holdings 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 buying an additional 130 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in Wheaton Precious Metals in the fourth quarter valued at $28,000. Navalign LLC acquired a new position in Wheaton Precious Metals in the fourth quarter valued at $30,000. Eagle Bay Advisors LLC acquired a new position in Wheaton Precious Metals in the fourth quarter valued at $32,000. Finally, Triumph Capital Management acquired a new position in Wheaton Precious Metals in the third quarter valued at $33,000. Institutional investors and hedge funds own 70.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on WPM shares. TD Securities boosted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Wheaton Precious Metals in a 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Wheaton Precious Metals Price Performance

WPM stock opened at $132.74 on Friday. The stock has a market capitalization of $60.28 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 2.50 and a beta of 0.50. The company’s 50-day moving average is $133.63 and its 200-day moving average is $130.61. Wheaton Precious Metals Corp. has a 1 year low of $85.59 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The company had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The business’s revenue was up 91.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, analysts anticipate that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio 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.