Andra AP fonden Invests $1.05 Million in Wheaton Precious Metals Corp. (NYSE:WPM)

Andra AP fonden acquired a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,100 shares of the company’s stock, valued at approximately $1,054,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of Wheaton Precious Metals in the 4th quarter worth approximately $39,000. Dimensional Fund Advisors LP boosted its position in Wheaton Precious Metals by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 528,581 shares of the company’s stock valued at $26,081,000 after acquiring an additional 24,676 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Wheaton Precious Metals by 40.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,575 shares of the company’s stock valued at $620,000 after acquiring an additional 3,646 shares during the period. Beacon Pointe Advisors LLC raised its position in shares of Wheaton Precious Metals by 59.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 104,305 shares of the company’s stock worth $5,146,000 after acquiring an additional 38,798 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its stake in shares of Wheaton Precious Metals by 426.7% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 957,339 shares of the company’s stock worth $47,460,000 after purchasing an additional 775,588 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on WPM shares. Berenberg Bank lifted their target price on Wheaton Precious Metals from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. CIBC boosted their price objective on shares of Wheaton Precious Metals from $75.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group raised their target price on shares of Wheaton Precious Metals from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 12th. BMO Capital Markets upped their price target on Wheaton Precious Metals from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Bank of America raised their price objective on Wheaton Precious Metals from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.50.

Wheaton Precious Metals Price Performance

Shares of WPM stock opened at $61.37 on Friday. The business has a fifty day moving average of $59.18 and a 200 day moving average of $53.80. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. Wheaton Precious Metals Corp. has a 1 year low of $38.37 and a 1 year high of $63.06.

Wheaton Precious Metals (NYSE:WPM) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $299.06 million during the quarter, compared to analysts’ expectations of $309.54 million. Wheaton Precious Metals had a return on equity of 8.54% and a net margin of 50.44%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 1.4 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, August 21st. Wheaton Precious Metals’s payout ratio is 47.69%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.