J. Safra Sarasin Holding AG Has $4.44 Million Stake in Wheaton Precious Metals Corp. $WPM

Key Points

• J. Safra Sarasin Holding AG has increased its stake in Wheaton Precious Metals Corp. by 160.0% during the second quarter, holding shares worth approximately $4.44 million.
• Wheaton Precious Metals reported earnings of $0.63 per share, exceeding analyst expectations and achieving a revenue increase of 68.2% year-over-year for the recent quarter.
• Institutional investors now own 70.34% of Wheaton Precious Metals, indicating strong backing from the investment community and ongoing interest in the company's stock.

J. Safra Sarasin Holding AG raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 160.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,435 shares of the company's stock after purchasing an additional 30,420 shares during the period. J. Safra Sarasin Holding AG's holdings in Wheaton Precious Metals were worth $4,439,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Canada Pension Plan Investment Board raised its position in shares of Wheaton Precious Metals by 57.6% in the first quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company's stock valued at $162,811,000 after buying an additional 766,947 shares in the last quarter. Amundi increased its stake in Wheaton Precious Metals by 33.2% during the 1st quarter. Amundi now owns 2,745,947 shares of the company's stock worth $215,557,000 after acquiring an additional 683,674 shares during the period. Perpetual Ltd acquired a new position in Wheaton Precious Metals in the 1st quarter valued at $50,430,000. Nuveen LLC bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $36,885,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock valued at $393,800,000 after acquiring an additional 470,651 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Down 1.6%

WPM opened at $109.71 on Friday. The company has a market cap of $49.80 billion, a P/E ratio of 63.41, a PEG ratio of 2.99 and a beta of 0.41. The company's 50 day moving average is $100.63 and its 200-day moving average is $90.02. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.00.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data 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. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The business had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. During the same period in the prior year, the company earned $0.33 EPS. The firm's quarterly revenue was up 68.2% compared to the same quarter last year. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was 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 Analysts Forecast Growth

WPM has been the subject of a number of analyst reports. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, September 8th. 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 research report on Tuesday, August 12th. Raymond James Financial upped their price target on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. CIBC increased their price target on shares of Wheaton Precious Metals from $130.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, September 25th. Finally, Berenberg Bank boosted their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.11.

Wheaton Precious Metals Company 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.

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