ASR Vermogensbeheer N.V. Buys 10,574 Shares of Wheaton Precious Metals Corp. $WPM

ASR Vermogensbeheer N.V. raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 46.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,395 shares of the company’s stock after buying an additional 10,574 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Wheaton Precious Metals were worth $3,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of WPM. Ritholtz Wealth Management boosted its holdings in shares of Wheaton Precious Metals by 42.6% in the third quarter. Ritholtz Wealth Management now owns 5,245 shares of the company’s stock valued at $587,000 after purchasing an additional 1,567 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Wheaton Precious Metals during the 3rd quarter valued at $11,355,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Wheaton Precious Metals by 16.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 35,000 shares of the company’s stock worth $3,914,000 after buying an additional 5,000 shares during the period. Versant Capital Management Inc grew its position in shares of Wheaton Precious Metals by 36.8% during the 3rd quarter. Versant Capital Management Inc now owns 1,680 shares of the company’s stock worth $188,000 after buying an additional 452 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Wheaton Precious Metals by 11.4% during the third quarter. Stephens Inc. AR now owns 9,988 shares of the company’s stock valued at $1,117,000 after buying an additional 1,024 shares during the period. 70.34% of the stock is owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Down 0.0%

Shares of Wheaton Precious Metals stock opened at $135.46 on Monday. The company has a market cap of $61.50 billion, a P/E ratio of 61.57, a PEG ratio of 1.31 and a beta of 0.52. The firm’s 50 day moving average price is $114.55 and its 200-day moving average price is $104.67. Wheaton Precious Metals Corp. has a 52-week low of $56.70 and a 52-week high of $135.72.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $476.26 million during the quarter, compared to the consensus estimate of $495.53 million. Wheaton Precious Metals had a net margin of 54.72% and a return on equity of 13.32%. Wheaton Precious Metals’s revenue was up 54.5% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, November 20th. Wheaton Precious Metals’s payout ratio is 30.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on WPM shares. Raymond James Financial upped their price objective on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Scotiabank restated an “outperform” rating on shares of Wheaton Precious Metals in a report on Thursday, October 23rd. Royal Bank Of Canada raised shares of Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, December 10th. Wall Street Zen raised shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Bank of America boosted their price objective on shares of Wheaton Precious Metals from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.78.

Wheaton Precious Metals 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.