Jones Financial Companies Lllp Purchases 5,125 Shares of Wheaton Precious Metals Corp. $WPM

Jones Financial Companies Lllp grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 26.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,808 shares of the company’s stock after buying an additional 5,125 shares during the quarter. Jones Financial Companies Lllp’s holdings in Wheaton Precious Metals were worth $2,705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Wheaton Precious Metals by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company’s stock valued at $1,668,582,000 after acquiring an additional 557,793 shares during the last quarter. Norges Bank purchased a new stake in Wheaton Precious Metals in the 2nd quarter valued at about $656,463,000. Bank of Montreal Can boosted its position in Wheaton Precious Metals by 10.3% in the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock valued at $460,736,000 after buying an additional 478,236 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Wheaton Precious Metals by 0.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,107,833 shares of the company’s stock worth $458,683,000 after acquiring an additional 35,047 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of 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 acquiring an additional 507,577 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Stock Performance

NYSE:WPM opened at $136.20 on Monday. The company’s 50-day simple moving average is $125.74 and its 200-day simple moving average is $110.00. Wheaton Precious Metals Corp. has a fifty-two week low of $66.01 and a fifty-two week high of $160.36. The stock has a market capitalization of $61.84 billion, a P/E ratio of 61.91, a P/E/G ratio of 1.21 and a beta of 0.52.

Wheaton Precious Metals (NYSE:WPM) last posted its 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 net margin of 54.72% and a return on equity of 13.32%. The company had revenue of $476.26 million during the quarter, compared to analysts’ expectations of $495.53 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Wheaton Precious Metals’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

WPM has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Wednesday. Wall Street Zen upgraded Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Royal Bank Of Canada upgraded Wheaton Precious Metals from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $115.00 to $130.00 in a research note on Wednesday, December 10th. Bank of America upped 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. Finally, UBS Group reiterated a “neutral” rating and set a $158.00 target price on shares of Wheaton Precious Metals in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $140.44.

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.