DRW Securities LLC Purchases Shares of 41,634 Wheaton Precious Metals Corp. $WPM

Key Points

• DRW Securities LLC acquired 41,634 shares of Wheaton Precious Metals Corp., valued at approximately $3.2 million, during the 1st quarter, highlighting growing institutional interest in the company.
• Wheaton Precious Metals recently reported better-than-expected earnings, with $0.63 EPS for the quarter, surpassing the consensus estimate by $0.05, and a year-over-year revenue increase of 68.2%.
• The company announced a quarterly dividend of $0.165, to be paid on September 4th, representing an annualized yield of 0.7% and a payout ratio of 38.15%.

DRW Securities LLC bought a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,634 shares of the company's stock, valued at approximately $3,222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Wheaton Precious Metals by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,196 shares of the company's stock worth $34,936,000 after acquiring an additional 50,014 shares during the period. Northern Trust Corp increased its position in Wheaton Precious Metals by 24.2% during the 4th quarter. Northern Trust Corp now owns 348,264 shares of the company's stock valued at $19,586,000 after purchasing an additional 67,816 shares during the period. Lido Advisors LLC bought a new stake in shares of Wheaton Precious Metals in the 4th quarter valued at about $363,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Wheaton Precious Metals by 7.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,577 shares of the company's stock worth $482,000 after purchasing an additional 606 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Wheaton Precious Metals by 70.9% during the fourth quarter. BNP Paribas Financial Markets now owns 36,268 shares of the company's stock valued at $2,040,000 after buying an additional 15,044 shares during the period. Institutional investors own 70.34% of the company's stock.

Analyst Ratings Changes

WPM has been the subject of several recent research reports. BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Royal Bank Of Canada increased their target price on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Wall Street Zen lowered Wheaton Precious Metals from a "buy" rating to a "hold" rating in a report on Sunday. Finally, UBS Group set a $106.00 target price on Wheaton Precious Metals and gave the stock a "neutral" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and an average price target of $97.33.

Wheaton Precious Metals Stock Performance

NYSE WPM traded up $1.14 during trading hours on Tuesday, reaching $101.56. The stock had a trading volume of 3,258,419 shares, compared to its average volume of 1,824,059. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $103.81. The stock has a fifty day moving average of $93.44 and a 200 day moving average of $84.55. The stock has a market cap of $46.10 billion, a P/E ratio of 58.71, a price-to-earnings-growth ratio of 2.77 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same period last year, the firm posted $0.33 EPS. Wheaton Precious Metals's revenue for the quarter was up 68.2% compared to the same quarter last year. On average, equities research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals's payout ratio is currently 38.15%.

Wheaton Precious Metals 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.