Aigen Investment Management LP Makes New $521,000 Investment in Wheaton Precious Metals Corp. $WPM

Aigen Investment Management LP purchased a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,434 shares of the company’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also modified their holdings of WPM. AQR Capital Management LLC bought a new stake in shares of Wheaton Precious Metals during the first quarter worth approximately $331,000. Focus Partners Wealth raised its stake in shares of Wheaton Precious Metals by 10.7% during the first quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock worth $871,000 after buying an additional 1,081 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Wheaton Precious Metals during the first quarter worth approximately $209,000. Sivia Capital Partners LLC bought a new stake in shares of Wheaton Precious Metals during the second quarter worth approximately $239,000. Finally, Rhumbline Advisers raised its stake in shares of Wheaton Precious Metals by 28.3% during the second quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock worth $265,000 after buying an additional 652 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $123.82 on Tuesday. Wheaton Precious Metals Corp. has a 52 week low of $85.59 and a 52 week high of $165.76. The company has a market capitalization of $56.23 billion, a PE ratio of 31.27, a PEG ratio of 2.19 and a beta of 0.51. The company has a 50 day moving average price of $132.57 and a two-hundred day moving average price of $132.09.

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

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is presently 19.70%.

Analyst Ratings Changes

WPM has been the subject of a number of recent research reports. UBS Group raised shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Friday, March 27th. Scotiabank boosted their price target on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. TD Securities boosted 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. TD Cowen boosted 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. Finally, Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Thirteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.64.

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.