Wheaton Precious Metals Corp. $WPM Shares Bought by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. has increased its holdings in Wheaton Precious Metals Corp. by 18.2%, owning 77,071 shares valued at approximately $5.98 million after acquiring an additional 11,893 shares in Q1.
• Wheaton Precious Metals reported a quarterly revenue of $503.22 million, significantly exceeding analyst estimates and marking a 68.2% year-over-year increase in revenue.
• The company announced a dividend of $0.165 per share, resulting in an annualized yield of 0.6% with a payout ratio of 38.15%.

Edmond DE Rothschild Holding S.A. increased its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,071 shares of the company's stock after purchasing an additional 11,893 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Wheaton Precious Metals were worth $5,983,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WPM. Northern Trust Corp lifted its stake in shares of Wheaton Precious Metals by 24.2% during the 4th quarter. Northern Trust Corp now owns 348,264 shares of the company's stock worth $19,586,000 after purchasing an additional 67,816 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Wheaton Precious Metals by 7.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,577 shares of the company's stock valued at $482,000 after buying an additional 606 shares in the last quarter. BNP Paribas Financial Markets increased its position in Wheaton Precious Metals by 70.9% during the 4th quarter. BNP Paribas Financial Markets now owns 36,268 shares of the company's stock valued at $2,040,000 after buying an additional 15,044 shares in the last quarter. Baird Financial Group Inc. increased its position in Wheaton Precious Metals by 1.2% during the 4th quarter. Baird Financial Group Inc. now owns 205,610 shares of the company's stock valued at $11,564,000 after buying an additional 2,360 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Wheaton Precious Metals by 2.0% in the fourth quarter. Captrust Financial Advisors now owns 44,592 shares of the company's stock valued at $2,508,000 after purchasing an additional 874 shares during the period. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Wheaton Precious Metals Trading Up 1.6%

WPM traded up $1.63 during trading on Friday, hitting $104.36. The company's stock had a trading volume of 2,113,870 shares, compared to its average volume of 1,828,383. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $105.98. The business's fifty day simple moving average is $94.30 and its 200 day simple moving average is $85.38. The firm has a market capitalization 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.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business's revenue was up 68.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a dividend of $0.165 per share. 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 payout ratio is presently 38.15%.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of research reports. Wall Street Zen lowered Wheaton Precious Metals from a "buy" rating to a "hold" rating in a report on Sunday, August 31st. Berenberg Bank raised their target price on Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. National Bankshares reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Finally, UBS Group set a $106.00 target price on Wheaton Precious Metals and gave the stock a "neutral" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $97.33.

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.