58,614 Shares in Wheaton Precious Metals Corp. $WPM Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired 58,614 shares of Wheaton Precious Metals Corp., valued at approximately $4.55 million, during the first quarter.
• Wheaton Precious Metals reported earnings of $0.63 EPS for the last quarter, beating consensus estimates by $0.05, with year-over-year revenue growth of 68.2%.
• The company announced a quarterly dividend of $0.165 per share, reflecting an annualized yield of 0.7%, with the payout set for September 4th.

Campbell & CO Investment Adviser LLC bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 58,614 shares of the company's stock, valued at approximately $4,550,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WPM. NBT Bank N A NY increased its holdings in Wheaton Precious Metals by 129.3% during the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after acquiring an additional 234 shares during the period. Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $49,000. Princeton Global Asset Management LLC bought a new stake in Wheaton Precious Metals during the 1st quarter worth approximately $52,000. Penserra Capital Management LLC increased its holdings in shares of Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock worth $57,000 after buying an additional 707 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Wheaton Precious Metals by 77.4% in the 1st quarter. Whittier Trust Co. now owns 763 shares of the company's stock worth $59,000 after buying an additional 333 shares during the last quarter. Institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WPM shares. UBS Group set a $106.00 price target on shares of Wheaton Precious Metals and gave the stock a "neutral" rating in a report on Monday, August 11th. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Saturday. BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Berenberg Bank increased their price target on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Royal Bank Of Canada increased their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. One investment 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, Wheaton Precious Metals presently has an average rating of "Moderate Buy" and an average price target of $97.33.

Wheaton Precious Metals Stock Performance

Shares of Wheaton Precious Metals stock opened at $95.5120 on Friday. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $103.81. The stock has a market capitalization of $43.36 billion, a price-to-earnings ratio of 55.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.39. The company has a fifty day moving average of $92.34 and a 200-day moving average of $83.05.

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

Wheaton Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.7%. Wheaton Precious Metals's dividend payout ratio is presently 38.15%.

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.

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