Mufg Securities Canada LTD. Sells 31,127 Shares of Wheaton Precious Metals Corp. $WPM

Mufg Securities Canada LTD. lessened its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 642,347 shares of the company’s stock after selling 31,127 shares during the period. Wheaton Precious Metals comprises approximately 1.9% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 18th biggest position. Mufg Securities Canada LTD. owned 0.14% of Wheaton Precious Metals worth $72,142,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WPM. Euro Pacific Asset Management LLC grew its stake in Wheaton Precious Metals by 3.0% in the first quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company’s stock valued at $37,895,000 after purchasing an additional 8,455 shares during the last quarter. Stack Financial Management Inc purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter worth approximately $30,118,000. Abacus Wealth Partners LLC grew its position in shares of Wheaton Precious Metals by 1,402.0% in the 4th quarter. Abacus Wealth Partners LLC now owns 32,023 shares of the company’s stock worth $3,763,000 after buying an additional 29,891 shares during the last quarter. Pecaut & CO. bought a new position in shares of Wheaton Precious Metals during the 2nd quarter worth approximately $1,297,000. Finally, Bank of Nova Scotia lifted its position in Wheaton Precious Metals by 19.3% during the first quarter. Bank of Nova Scotia now owns 1,135,457 shares of the company’s stock valued at $149,006,000 after acquiring an additional 183,580 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $150.70 on Tuesday. The stock has a 50-day moving average of $123.12 and a two-hundred day moving average of $131.25. Wheaton Precious Metals Corp. has a one year low of $92.57 and a one year high of $165.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $68.44 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.71 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The business had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s revenue was up 84.7% on a year-over-year basis. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 4.79 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.195 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is presently 17.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Royal Bank Of Canada decreased their price objective on Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. UBS Group lowered their price objective on Wheaton Precious Metals from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Bank of America dropped their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $165.55.

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.