Baader Bank Aktiengesellschaft Takes Position in Wheaton Precious Metals Corp. $WPM

Baader Bank Aktiengesellschaft bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,725 shares of the company’s stock, valued at approximately $619,000.

Several other institutional investors also recently bought and sold shares of WPM. Assetmark Inc. increased its position in shares of Wheaton Precious Metals by 144.4% in the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Wheaton Precious Metals by 245.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 228 shares of the company’s stock worth $29,000 after purchasing an additional 162 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Wheaton Precious Metals by 100.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after purchasing an additional 117 shares during the last quarter. Hollencrest Capital Management grew its stake in shares of Wheaton Precious Metals by 73.5% during the first quarter. Hollencrest Capital Management now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Wheaton Precious Metals during the fourth quarter worth $28,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on WPM. Scotiabank cut their price target on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Jefferies Financial Group dropped their price objective on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Wall Street Zen downgraded Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Bank of America decreased their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average target price of $161.09.

Wheaton Precious Metals Price Performance

NYSE WPM opened at $109.87 on Wednesday. Wheaton Precious Metals Corp. has a 1-year low of $90.39 and a 1-year high of $165.76. The company has a market capitalization of $49.90 billion, a P/E ratio of 27.74, a PEG ratio of 1.87 and a beta of 0.55. The business has a 50 day moving average price of $119.08 and a 200 day moving average price of $131.89.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. The firm had revenue of $901.47 million during the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. On average, research analysts expect that Wheaton Precious Metals Corp. will post 4.73 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 19.70%.

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.