American Century Companies Inc. Has $49.65 Million Stake in Wheaton Precious Metals Corp. $WPM

Key Points

• American Century Companies Inc. increased its stake in Wheaton Precious Metals Corp. by 3.9%, owning approximately $49.65 million worth of the stock after acquiring additional shares in the first quarter.
• The company's quarterly earnings exceeded expectations, reporting $0.63 EPS against a consensus estimate of $0.58 EPS, contributing to a 68.2% increase in revenue year-over-year.
• Wheaton Precious Metals recently announced a quarterly dividend of $0.165, with a payout ratio of 38.15% and a dividend yield of 0.7%.

American Century Companies Inc. increased its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 639,579 shares of the company's stock after purchasing an additional 23,874 shares during the period. American Century Companies Inc. owned about 0.14% of Wheaton Precious Metals worth $49,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WPM. NBT Bank N A NY boosted its stake in Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares during the period. Banque Cantonale Vaudoise acquired a new position in Wheaton Precious Metals in the 1st quarter worth approximately $49,000. Princeton Global Asset Management LLC acquired a new position in Wheaton Precious Metals in the 1st quarter worth approximately $52,000. Penserra Capital Management LLC boosted its stake in 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 purchasing an additional 707 shares during the period. Finally, Whittier Trust Co. boosted its stake in 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 purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 2.5%

WPM stock opened at $91.0530 on Wednesday. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $103.81. The company has a fifty day simple moving average of $92.10 and a 200 day simple moving average of $82.43. The firm has a market cap of $41.33 billion, a PE ratio of 52.63, a PEG ratio of 2.60 and a beta of 0.39.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $503.22 million during the quarter, compared to analyst estimates of $424.23 million. During the same quarter in the previous year, the business earned $0.33 EPS. Wheaton Precious Metals's quarterly revenue was up 68.2% compared to the same quarter last year. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. CIBC reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Berenberg Bank lifted their target price on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Scotiabank lifted their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $97.33.

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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