Compagnie Lombard Odier SCmA Invests $405,000 in Wheaton Precious Metals Corp. $WPM

Key Points

• Compagnie Lombard Odier SCmA invested approximately $405,000 in Wheaton Precious Metals Corp. during the second quarter, acquiring 4,512 shares.
• Several institutional investors, including Vanguard Group Inc. and TD Asset Management Inc., have also increased their stakes in Wheaton Precious Metals, which is partly indicative of strong institutional interest.
• Wheaton Precious Metals reported earnings of $0.63 EPS, exceeding expectations, alongside a substantial revenue increase of 68.2% year-over-year.

Compagnie Lombard Odier SCmA acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,512 shares of the company's stock, valued at approximately $405,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Wheaton Precious Metals by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company's stock valued at $1,396,556,000 after purchasing an additional 324,340 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Wheaton Precious Metals by 5.0% in the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock valued at $582,876,000 after buying an additional 355,533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Wheaton Precious Metals by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock valued at $393,800,000 after buying an additional 470,651 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Wheaton Precious Metals by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company's stock valued at $237,552,000 after buying an additional 144,782 shares in the last quarter. Finally, Amundi grew its holdings in Wheaton Precious Metals by 33.2% during the first quarter. Amundi now owns 2,745,947 shares of the company's stock worth $215,557,000 after acquiring an additional 683,674 shares during the period. Institutional investors own 70.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WPM shares. Wall Street Zen raised shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday, September 8th. Raymond James Financial increased their target price on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. BMO Capital Markets restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Finally, National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $102.78.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $107.69 on Wednesday. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $109.67. The company has a market cap of $48.89 billion, a PE ratio of 62.25, a price-to-earnings-growth ratio of 2.91 and a beta of 0.42. The firm has a 50 day simple moving average of $98.20 and a 200 day simple moving average of $88.35.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its earnings results 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. The company had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company's revenue was up 68.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. On average, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a dividend of $0.165 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 38.15%.

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.

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