Forsta AP Fonden Has $7.84 Million Holdings in Wheaton Precious Metals Corp. (NYSE:WPM)

Key Points

• Forsta AP Fonden increased its holdings in Wheaton Precious Metals by 2.5%, now owning 101,000 shares valued at approximately $7.84 million.
• Wheaton Precious Metals reported $0.63 earnings per share (EPS) for the latest quarter, surpassing estimates and showcasing a 68.2% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.165 per share, representing an annualized dividend yield of 0.7%, with a payout ratio of 38.15%.

Forsta AP Fonden boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,000 shares of the company's stock after acquiring an additional 2,500 shares during the period. Forsta AP Fonden's holdings in Wheaton Precious Metals were worth $7,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WPM. ExodusPoint Capital Management LP bought a new stake in Wheaton Precious Metals in the 4th quarter valued at $721,000. Envestnet Asset Management Inc. grew its holdings in Wheaton Precious Metals by 10.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 69,139 shares of the company's stock valued at $3,888,000 after buying an additional 6,783 shares in the last quarter. Cerity Partners LLC grew its holdings in Wheaton Precious Metals by 11.1% in the 4th quarter. Cerity Partners LLC now owns 19,213 shares of the company's stock valued at $1,102,000 after buying an additional 1,923 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Wheaton Precious Metals in the 4th quarter valued at $20,790,000. Finally, CenterBook Partners LP grew its holdings in shares of Wheaton Precious Metals by 118.3% during the 4th quarter. CenterBook Partners LP now owns 17,411 shares of the company's stock worth $979,000 after purchasing an additional 9,434 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of WPM traded down $0.32 during mid-day trading on Wednesday, reaching $96.09. 270,484 shares of the company were exchanged, compared to its average volume of 1,848,843. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $103.81. The stock has a market capitalization of $43.62 billion, a PE ratio of 55.65, a PEG ratio of 2.72 and a beta of 0.39. The business has a 50 day simple moving average of $91.74 and a two-hundred day simple moving average of $81.30.

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 business had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%. The firm's revenue for the quarter 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. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is 38.15%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. CIBC reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. 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. BMO Capital Markets reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday. Scotiabank raised their price objective on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector outperform" rating in a research note on Tuesday. Finally, Berenberg Bank raised their price objective on Wheaton Precious Metals from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.