91,161 Shares in Wheaton Precious Metals Corp. $WPM Acquired by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond de Rothschild Holding acquired 91,161 shares of Wheaton Precious Metals worth approximately $10.2 million, while institutional investors and hedge funds collectively own 70.34% of the stock.
• Analysts maintain a broadly positive outlook, with 12 Buy ratings and one Hold rating. The consensus rating is “Moderate Buy,” with an average price target of $165.55 despite several recent target-price reductions.
• Wheaton reported quarterly earnings of $1.19 per share, beating estimates, while revenue rose 84.7% year over year to $878 million. The company also announced a quarterly dividend of $0.195 per share, equivalent to a 0.5% annualized yield.

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 91,161 shares of the company's stock, valued at approximately $10,239,000.

Several other large investors also recently added to or reduced their stakes in WPM. Parvin Asset Management LLC grew its holdings in shares of Wheaton Precious Metals by 0.6% during the fourth quarter. Parvin Asset Management LLC now owns 11,925 shares of the company's stock valued at $1,401,000 after buying an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in Wheaton Precious Metals by 0.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company's stock valued at $2,405,000 after buying an additional 75 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Wheaton Precious Metals by 1.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company's stock worth $494,000 after acquiring an additional 78 shares in the last quarter. Gables Capital Management Inc. lifted its stake in Wheaton Precious Metals by 7.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,079 shares of the company's stock worth $127,000 after acquiring an additional 79 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Wheaton Precious Metals by 0.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,105 shares of the company's stock worth $3,185,000 after acquiring an additional 86 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WPM has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 16th. Scotiabank cut their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada decreased their target price on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. UBS Group lowered their price target on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Finally, Bank of America dropped their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Wheaton Precious Metals currently has a consensus rating of "Moderate Buy" and an average target price of $165.55.

Wheaton Precious Metals Trading Up 11.2%

Shares of NYSE WPM opened at $147.56 on Thursday. The stock has a market cap of $67.02 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.35 and a beta of 0.55. The business has a 50 day simple moving average of $117.60 and a 200 day simple moving average of $130.16. Wheaton Precious Metals Corp. has a 52 week low of $91.65 and a 52 week high of $165.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. On average, research analysts predict that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. Wheaton Precious Metals's payout ratio is currently 17.29%.

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.

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