Farther Finance Advisors LLC Increases Stake in Wheaton Precious Metals Corp. $WPM

Farther Finance Advisors LLC boosted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 91.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,955 shares of the company’s stock after acquiring an additional 5,221 shares during the quarter. Farther Finance Advisors LLC’s holdings in Wheaton Precious Metals were worth $1,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WPM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Wheaton Precious Metals by 36.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock valued at $777,938,000 after buying an additional 1,847,977 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Wheaton Precious Metals by 53.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,197,048 shares of the company’s stock valued at $469,459,000 after buying an additional 1,453,572 shares in the last quarter. Bank of Montreal Can increased its position in shares of Wheaton Precious Metals by 26.1% in the third quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock valued at $722,270,000 after buying an additional 1,335,588 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Wheaton Precious Metals by 1,655.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company’s stock valued at $139,333,000 after buying an additional 1,174,799 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Wheaton Precious Metals by 158.1% in the third quarter. Capital Research Global Investors now owns 1,458,898 shares of the company’s stock valued at $163,224,000 after buying an additional 893,733 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $141.38 on Wednesday. Wheaton Precious Metals Corp. has a one year low of $75.42 and a one year high of $165.76. The stock has a market capitalization of $64.20 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 3.37 and a beta of 0.60. The stock has a 50 day moving average price of $141.82 and a 200 day moving average price of $125.09.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, March 12th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.91 by $0.31. Wheaton Precious Metals had a return on equity of 17.17% and a net margin of 63.58%.The firm had revenue of $864.71 million during the quarter, compared to analysts’ expectations of $719.59 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 127.3% on a year-over-year basis. On average, analysts predict that Wheaton Precious Metals Corp. will post 4.56 earnings per share for the current year.

Wheaton Precious Metals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a dividend of $0.195 per share. The ex-dividend date was Tuesday, March 31st. This is a positive change from Wheaton Precious Metals’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 24.07%.

Wall Street Analyst Weigh In

WPM has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, December 29th. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. TD Cowen increased their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Finally, TD Securities increased their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 16th. Thirteen 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.45.

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.