Amundi Raises Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Amundi increased its stake in Wheaton Precious Metals Corp. by 33.2% during the first quarter, owning 2,745,947 shares valued at approximately $215.6 million by quarter's end.
• The company reported a quarterly EPS of $0.63, surpassing forecasts and reflecting a year-over-year revenue growth of 68.2% to approximately $503.2 million.
• Wheaton Precious Metals declared a quarterly dividend of $0.165, translating to an annual yield of 0.6% and a payout ratio of 38.15%.

Amundi raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 33.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,745,947 shares of the company's stock after acquiring an additional 683,674 shares during the period. Amundi owned approximately 0.61% of Wheaton Precious Metals worth $215,557,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WPM. NBT Bank N A NY increased its holdings in shares of 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 buying an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $38,000. Banque Cantonale Vaudoise acquired a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $49,000. Princeton Global Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $52,000. Finally, Penserra Capital Management LLC increased its holdings in shares of Wheaton Precious Metals by 1,812.8% during 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. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM traded up $1.63 during mid-day trading on Friday, reaching $104.36. 2,113,870 shares of the company were exchanged, compared to its average volume of 1,828,383. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $105.98. The firm has a market cap of $47.37 billion, a price-to-earnings ratio of 60.32, a P/E/G ratio of 2.87 and a beta of 0.42. The firm's 50-day simple moving average is $94.30 and its 200 day simple moving average is $85.38.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 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 company had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. During the same quarter last year, the company posted $0.33 EPS. The firm's revenue was up 68.2% compared to the same quarter last year. On average, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 38.15%.

Analyst Ratings Changes

A number of analysts have recently issued reports on WPM shares. BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Scotiabank raised their price target on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. Royal Bank Of Canada raised 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. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research report on Sunday, August 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.33.

About Wheaton Precious Metals

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.