Assenagon Asset Management S.A. Has $1.75 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new position in Wheaton Precious Metals in the 4th quarter valued at about $472,648,000. Capital International Investors acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $263,810,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $72,657,000. Mackenzie Financial Corp increased its stake in Wheaton Precious Metals by 54.4% in the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after acquiring an additional 1,135,699 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Wheaton Precious Metals by 1,321.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,522 shares of the company's stock valued at $68,720,000 after purchasing an additional 1,135,603 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Trading Down 0.7%

Shares of WPM stock opened at $91.27 on Wednesday. The firm has a market capitalization of $41.42 billion, a price-to-earnings ratio of 67.11, a PEG ratio of 2.87 and a beta of 0.46. The business's 50-day moving average price is $84.59 and its 200-day moving average price is $72.05. Wheaton Precious Metals Corp. has a 12 month low of $51.96 and a 12 month high of $95.23.

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

Wheaton Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 28th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.72%. The ex-dividend date was Wednesday, May 28th. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 48.53%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WPM shares. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, May 12th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, April 23rd. Royal Bank Of Canada raised their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. UBS Group lifted their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, CIBC boosted their target price on Wheaton Precious Metals from $95.00 to $105.00 and gave the stock an "outperformer" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $86.90.

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.

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