Assenagon Asset Management S.A. Acquires 3,995 Shares of Wheaton Precious Metals Corp. (NYSE:WPM)

Assenagon Asset Management S.A. raised its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,515 shares of the company's stock after acquiring an additional 3,995 shares during the period. Assenagon Asset Management S.A.'s holdings in Wheaton Precious Metals were worth $1,747,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $202,000. Allworth Financial LP raised its stake in shares of Wheaton Precious Metals by 411.9% during the 4th quarter. Allworth Financial LP now owns 5,554 shares of the company's stock worth $328,000 after purchasing an additional 4,469 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth $53,000. Private Advisor Group LLC raised its stake in shares of Wheaton Precious Metals by 2.9% during the 4th quarter. Private Advisor Group LLC now owns 78,880 shares of the company's stock worth $4,436,000 after purchasing an additional 2,258 shares during the period. Finally, Financial Sense Advisors Inc. raised its stake in shares of Wheaton Precious Metals by 0.9% during the 4th quarter. Financial Sense Advisors Inc. now owns 62,731 shares of the company's stock worth $3,528,000 after purchasing an additional 551 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Price Performance

WPM stock traded down $1.78 during mid-day trading on Friday, reaching $89.29. 2,400,416 shares of the company traded hands, compared to its average volume of 1,689,104. The company has a market capitalization of $40.52 billion, a P/E ratio of 65.66, a P/E/G ratio of 2.78 and a beta of 0.46. Wheaton Precious Metals Corp. has a 52-week low of $51.96 and a 52-week high of $95.23. The company has a fifty day moving average price of $85.33 and a 200-day moving average price of $72.63.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $470.41 million during the quarter, compared to analyst estimates of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. The company's quarterly revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Wednesday, May 28th. Wheaton Precious Metals's payout ratio is presently 48.53%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WPM shares. BMO Capital Markets started coverage on Wheaton Precious Metals in a research note on Wednesday, April 16th. They set an "outperform" rating and a $129.00 target price on the stock. Wall Street Zen upgraded Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Scotiabank lifted their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. CIBC lifted their price objective on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. Finally, National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $86.90.

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.