Yousif Capital Management LLC Boosts Stock Position in Wheaton Precious Metals Corp. $WPM

Yousif Capital Management LLC raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,220 shares of the company’s stock after purchasing an additional 475 shares during the period. Yousif Capital Management LLC’s holdings in Wheaton Precious Metals were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bulwark Capital Corp purchased a new position in Wheaton Precious Metals in the second quarter valued at about $27,000. Wealth Preservation Advisors LLC purchased a new position in Wheaton Precious Metals in the first quarter valued at about $38,000. Banque Cantonale Vaudoise purchased a new position in Wheaton Precious Metals in the first quarter valued at about $49,000. Penserra Capital Management LLC boosted its holdings in Wheaton Precious Metals by 1,812.8% in the first quarter. Penserra Capital Management LLC now owns 746 shares of the company’s stock worth $57,000 after acquiring an additional 707 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Wheaton Precious Metals by 77.4% in the first quarter. Whittier Trust Co. now owns 763 shares of the company’s stock worth $59,000 after acquiring an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Analysts Set New Price Targets

WPM has been the subject of several recent analyst reports. Berenberg Bank raised their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Wheaton Precious Metals in a report on Wednesday, October 8th. Bank of America raised their price target on Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Scotiabank raised their price target on Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.89.

Wheaton Precious Metals Stock Up 1.3%

Wheaton Precious Metals stock opened at $97.13 on Thursday. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $114.36. The company has a market capitalization of $44.09 billion, a price-to-earnings ratio of 56.14, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The stock has a 50-day moving average price of $103.69 and a 200 day moving average price of $92.95.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 68.2% compared to the same quarter last year. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals’s payout ratio is presently 38.15%.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.