FORA Capital LLC Buys Shares of 4,940 Wheaton Precious Metals Corp. $WPM

Key Points

• FORA Capital LLC has purchased 4,940 shares of Wheaton Precious Metals Corp, valued at approximately $383,000, indicating growing institutional interest in the company.
• Wheaton Precious Metals reported a quarterly EPS of $0.63, exceeding analyst estimates, while revenue surged 68.2% year-over-year, reaching $503.22 million.
• The company announced a quarterly dividend of $0.165 per share, reflecting a yield of 0.7% and a dividend payout ratio of 38.15%.

FORA Capital LLC acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,940 shares of the company's stock, valued at approximately $383,000.

A number of other hedge funds have also recently modified their holdings of WPM. Mackenzie Financial Corp boosted its holdings in shares of Wheaton Precious Metals by 54.4% during the 4th quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after buying an additional 1,135,699 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Wheaton Precious Metals by 1,321.7% during the 4th 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 buying an additional 1,135,603 shares in the last quarter. Perpetual Ltd bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $50,430,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Wheaton Precious Metals during the 4th quarter valued at $36,127,000. Finally, Nuveen LLC bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $36,885,000. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $3.20 on Friday, hitting $100.43. 2,018,814 shares of the stock traded hands, compared to its average volume of 1,901,380. The company has a market capitalization of $45.59 billion, a PE ratio of 58.05, a P/E/G ratio of 2.77 and a beta of 0.42. The business has a 50 day simple moving average of $92.98 and a 200 day simple moving average of $84.20. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $103.81.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $503.22 million during 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 firm's quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities analysts expect that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals's dividend payout ratio is 38.15%.

Wall Street Analysts Forecast Growth

WPM has been the topic of a number of research reports. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. Wall Street Zen cut shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a report on Sunday. Scotiabank boosted their target price on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a report on Tuesday, August 12th. CIBC reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, July 15th. Finally, Berenberg Bank increased their price objective on shares of Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of "Moderate Buy" and a consensus target price 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.