Intact Investment Management Inc. Grows Stock Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Intact Investment Management increased its stake in Wheaton Precious Metals by 627.2% in Q4, buying an additional 110,380 shares and now owning 127,980 shares valued at about $15.05 million.
• Wheaton reported a strong quarter with Q1 EPS $1.22 vs. $0.91 expected and revenue of $864.7M (up 127% YoY), and analysts remain largely positive—with 13 Buys, one Hold, and an average target of $155.45.
• The company raised its quarterly dividend to $0.195 (annualized $0.78, 0.6% yield) and added a 1.5% NSR royalty on the Spanish Mountain project, expanding its royalty portfolio and growth pipeline.

Intact Investment Management Inc. grew its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 627.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,980 shares of the company's stock after purchasing an additional 110,380 shares during the quarter. Intact Investment Management Inc.'s holdings in Wheaton Precious Metals were worth $15,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its position in shares of Wheaton Precious Metals by 1.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company's stock valued at $494,000 after purchasing an additional 78 shares during the last quarter. Focus Financial Network Inc. increased its position in shares of Wheaton Precious Metals by 2.5% during the 4th quarter. Focus Financial Network Inc. now owns 3,305 shares of the company's stock valued at $388,000 after purchasing an additional 81 shares during the last quarter. Jamison Private Wealth Management Inc. increased its position in shares of Wheaton Precious Metals by 1.7% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 5,375 shares of the company's stock valued at $632,000 after purchasing an additional 92 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Wheaton Precious Metals by 3.9% during the 4th quarter. Capital Investment Advisors LLC now owns 2,460 shares of the company's stock valued at $289,000 after purchasing an additional 93 shares during the last quarter. Finally, Atlas Wealth Partners LLC increased its position in shares of Wheaton Precious Metals by 0.5% during the 4th quarter. Atlas Wealth Partners LLC now owns 22,096 shares of the company's stock valued at $2,597,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 0.2%

Wheaton Precious Metals stock opened at $125.61 on Monday. The firm has a 50 day moving average of $140.42 and a 200 day moving average of $126.44. The firm has a market capitalization of $57.04 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 2.43 and a beta of 0.50. Wheaton Precious Metals Corp. has a 12-month low of $75.42 and a 12-month high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.31. The company had revenue of $864.71 million during the quarter, compared to analyst estimates of $719.59 million. Wheaton Precious Metals had a net margin of 63.58% and a return on equity of 17.17%. The firm's quarterly revenue was up 127.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. On average, analysts predict that Wheaton Precious Metals Corp. will post 4.88 EPS for the current year.

Wheaton Precious Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, March 31st. This is a positive change from Wheaton Precious Metals's previous quarterly dividend of $0.17. Wheaton Precious Metals's dividend payout ratio is currently 24.07%.

Wall Street Analysts Forecast Growth

WPM has been the subject of several research reports. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Wednesday, February 4th. UBS Group raised shares of Wheaton Precious Metals from a "neutral" rating to a "buy" rating and set a $160.00 target price for the company in a report on Friday, March 27th. Scotiabank increased their target price on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the stock a "sector outperform" rating in a report on Monday, March 16th. Zacks Research lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 28th. Thirteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $155.45.

More Wheaton Precious Metals News

Here are the key news stories impacting Wheaton Precious Metals this week:

• Positive Sentiment: Wheaton added a 1.5% net-smelter-return (NSR) royalty on gold and silver from the Spanish Mountain project, expanding its royalty portfolio and growth pipeline; the piece also notes WPM is a Goldman Sachs top gold pick. Wheaton Precious Metals Corp. (WPM) Bolsters Gold Portfolio with Spanish Mountain Royalty Deal
• Positive Sentiment: Analysts expect Q1 earnings growth and WPM is flagged as having the right setup for a likely earnings beat next week, which supports upside from fundamentals and could lift sentiment if results meet or exceed forecasts. Wheaton Precious Metals Corp. (WPM) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Gold-sector peers are heading into earnings with mixed drivers — higher gold prices and new mine output are supportive, but cost inflation is a recurring theme; those sector dynamics could influence WPM’s post-earnings reaction. B2Gold Set to Report Q1 Earnings: What's in Store for the Stock?
• Neutral Sentiment: Peer outlooks such as IAMGOLD’s strong forecast (helped by project ramp-ups) suggest industry-level upside from robust gold prices, which could benefit royalty companies like Wheaton if realized. IAMGOLD to Report Q1 Earnings: What's in Store for the Stock?
• Negative Sentiment: Despite the positive news, shares are trading lower today and sit below the 50-day moving average, with volume under its recent average — technical pressure and short-term profit-taking may be weighing on the stock.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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