Atria Investments Inc Acquires New Shares in Wheaton Precious Metals Corp. $WPM

Atria Investments Inc bought a new position in Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,004 shares of the company’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Wheaton Precious Metals by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock worth $1,396,556,000 after acquiring an additional 324,340 shares during the period. TD Asset Management Inc boosted its holdings in Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after purchasing an additional 355,533 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Wheaton Precious Metals by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock worth $393,800,000 after purchasing an additional 470,651 shares during the period. JPMorgan Chase & Co. raised its stake in Wheaton Precious Metals by 5.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company’s stock valued at $237,552,000 after buying an additional 144,782 shares during the last quarter. Finally, Amundi raised its stake in Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after buying an additional 683,674 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

WPM opened at $107.90 on Thursday. The stock has a market cap of $48.99 billion, a price-to-earnings ratio of 62.37, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38. The firm’s fifty day moving average is $104.22 and its 200 day moving average is $95.09. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business had revenue of $476.26 million for the quarter, compared to analysts’ expectations of $495.53 million. During the same period last year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 54.5% on a year-over-year basis. On average, equities research analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, November 20th. Wheaton Precious Metals’s dividend payout ratio is presently 30.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WPM shares. Raymond James Financial raised their price target on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Wall Street Zen raised Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Wheaton Precious Metals in a research note on Wednesday, October 8th. Bank of America upped their price target on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Berenberg Bank raised their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.50.

About Wheaton Precious Metals

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.