GSA Capital Partners LLP Acquires Shares of 4,582 Wheaton Precious Metals Corp. $WPM

GSA Capital Partners LLP acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,582 shares of the company’s stock, valued at approximately $515,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Wheaton Precious Metals in the fourth quarter worth approximately $864,977,000. Arrowstreet Capital Limited Partnership lifted its holdings in Wheaton Precious Metals by 40.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company’s stock valued at $694,951,000 after purchasing an additional 1,715,540 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Wheaton Precious Metals by 10.7% in the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after purchasing an additional 1,402,092 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Wheaton Precious Metals by 1,655.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company’s stock worth $139,333,000 after purchasing an additional 1,174,799 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Wheaton Precious Metals by 2,621.8% during the fourth quarter. AQR Capital Management LLC now owns 903,678 shares of the company’s stock worth $106,239,000 after buying an additional 870,476 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Berenberg Bank set a $157.00 price target on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. Bank of America decreased their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. UBS Group decreased their price target on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Jefferies Financial Group dropped their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Trading Up 5.0%

Shares of WPM stock opened at $157.80 on Friday. The business’s fifty day moving average price is $119.19 and its 200 day moving average price is $130.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $71.67 billion, a PE ratio of 34.99, a P/E/G ratio of 2.65 and a beta of 0.55. Wheaton Precious Metals Corp. has a 1-year low of $92.57 and a 1-year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $878.00 million for the quarter, compared to the consensus estimate of $879.29 million. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.Wheaton Precious Metals’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. As a group, sell-side analysts forecast that Wheaton Precious Metals Corp. will post 4.8 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio (DPR) is currently 17.29%.

About Wheaton Precious Metals

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.