Wheaton Precious Metals Corp. $WPM Stock Holdings Lifted by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Wheaton Precious Metals Corp. by 34.4%, acquiring an additional 195,627 shares and now owns 764,089 shares worth approximately $58.5 million.
• Wheaton Precious Metals reported a 68.2% year-over-year increase in revenue for the latest quarter, reaching $503.22 million, and exceeded analysts' earnings expectations with an EPS of $0.63.
• The company announced a quarterly dividend of $0.165 per share, which corresponds to an annualized yield of 0.7%, with the dividend payment scheduled for September 4th.

Federation des caisses Desjardins du Quebec raised its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 34.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 764,089 shares of the company's stock after purchasing an additional 195,627 shares during the period. Federation des caisses Desjardins du Quebec owned 0.17% of Wheaton Precious Metals worth $58,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBT Bank N A NY increased its position in Wheaton Precious Metals by 129.3% during the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after purchasing an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in Wheaton Precious Metals during the first quarter worth approximately $38,000. Banque Cantonale Vaudoise acquired a new position in Wheaton Precious Metals during the first quarter worth approximately $49,000. Princeton Global Asset Management LLC acquired a new position in Wheaton Precious Metals during the first quarter worth approximately $52,000. Finally, Penserra Capital Management LLC increased its position in Wheaton Precious Metals by 1,812.8% during the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock worth $57,000 after purchasing 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

WPM traded up $0.27 during trading on Thursday, hitting $102.71. The company had a trading volume of 2,071,207 shares, compared to its average volume of 1,869,531. The company has a market cap of $46.63 billion, a PE ratio of 59.37, a P/E/G ratio of 2.82 and a beta of 0.42. The business has a 50-day moving average of $93.96 and a 200-day moving average of $84.91. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $103.81.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The company had revenue of $503.22 million for the quarter, compared to analysts' expectations of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The firm's revenue was up 68.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. Research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on WPM. UBS Group set a $106.00 price objective on shares of Wheaton Precious Metals and gave the stock a "neutral" rating in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research note on Sunday. BMO Capital Markets reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. Berenberg Bank boosted their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, National Bankshares reiterated 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 issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.