U S Global Investors Inc. Increases Stock Holdings in Wheaton Precious Metals Corp. $WPM

U S Global Investors Inc. boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,776 shares of the company’s stock after acquiring an additional 10,287 shares during the quarter. Wheaton Precious Metals accounts for approximately 2.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 12th biggest position. U S Global Investors Inc.’s holdings in Wheaton Precious Metals were worth $18,659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after acquiring an additional 130 shares during the period. Nisa Investment Advisors LLC purchased a new position in Wheaton Precious Metals during the 3rd quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in Wheaton Precious Metals during the 3rd quarter valued at about $29,000. Eagle Bay Advisors LLC purchased a new position in Wheaton Precious Metals during the 4th quarter valued at about $32,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Wheaton Precious Metals in the 4th quarter valued at about $34,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 2.1%

WPM stock opened at $141.65 on Friday. The business has a 50 day moving average price of $141.78 and a 200 day moving average price of $125.34. The stock has a market cap of $64.32 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 3.08 and a beta of 0.60. Wheaton Precious Metals Corp. has a fifty-two week low of $75.42 and a fifty-two week high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, March 12th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.31. The firm had revenue of $864.71 million during 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 revenue was up 127.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.83 EPS for the current year.

Wheaton Precious Metals Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WPM. Weiss Ratings reiterated a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday, December 29th. BMO Capital Markets began coverage on Wheaton Precious Metals in a research note on Thursday, April 9th. They issued an “outperform” rating and a $240.00 price objective for the company. TD Cowen lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, TD Securities lifted their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Thirteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.