Campbell & CO Investment Adviser LLC Takes Position in Wheaton Precious Metals Corp. $WPM

Campbell & CO Investment Adviser LLC acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 101,528 shares of the company’s stock, valued at approximately $11,355,000. Wheaton Precious Metals makes up approximately 0.9% of Campbell & CO Investment Adviser LLC’s investment portfolio, making the stock its largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Wheaton Precious Metals by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company’s stock worth $1,668,582,000 after purchasing an additional 557,793 shares during the period. Norges Bank purchased a new stake in shares of Wheaton Precious Metals in the second quarter valued at $656,463,000. Bank of Montreal Can increased its stake in Wheaton Precious Metals by 10.3% in the second quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock valued at $460,736,000 after purchasing an additional 478,236 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Wheaton Precious Metals by 0.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,107,833 shares of the company’s stock valued at $458,683,000 after purchasing an additional 35,047 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Wheaton Precious Metals by 12.8% during the second quarter. Bank of America Corp DE now owns 4,481,459 shares of the company’s stock worth $402,435,000 after buying an additional 507,577 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $135.34 on Friday. The company has a market capitalization of $61.45 billion, a price-to-earnings ratio of 61.52, a price-to-earnings-growth ratio of 1.37 and a beta of 0.52. Wheaton Precious Metals Corp. has a one year low of $56.70 and a one year high of $135.52. The stock has a 50-day simple moving average of $113.82 and a 200 day simple moving average of $104.14.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The company had revenue of $476.26 million for the quarter, compared to the consensus estimate of $495.53 million. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.Wheaton Precious Metals’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, November 20th. Wheaton Precious Metals’s payout ratio is currently 30.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research lowered shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Raymond James Financial upped their price target on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. CIBC lifted their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. UBS Group boosted their price objective on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, December 1st. Finally, Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.78.

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.