MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 470,651 Shares of Wheaton Precious Metals Corp. $WPM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its holdings in Wheaton Precious Metals Corp. by 10.2%, owning approximately 5.07 million shares valued at about $393.8 million, making it the firm's 12th largest investment.
• Wheaton Precious Metals recently reported a quarterly earnings per share (EPS) of $0.63, surpassing analysts' expectations of $0.58, with a year-over-year revenue growth of 68.2%.
• The company has announced a quarterly dividend of $0.165, reflecting an annualized payout of $0.66 with a dividend yield of 0.6% for its shareholders.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,072,786 shares of the company's stock after purchasing an additional 470,651 shares during the period. Wheaton Precious Metals accounts for 0.9% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its 12th biggest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.12% of Wheaton Precious Metals worth $393,800,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. NBT Bank N A NY increased its stake in shares of Wheaton Precious Metals by 129.3% during the 1st 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 purchased a new stake in shares of Wheaton Precious Metals during the 1st quarter worth approximately $38,000. Banque Cantonale Vaudoise purchased a new position in Wheaton Precious Metals in the 1st quarter valued at approximately $49,000. Princeton Global Asset Management LLC purchased a new position in Wheaton Precious Metals in the 1st quarter valued at approximately $52,000. Finally, Penserra Capital Management LLC grew its stake in Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after buying an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Price Performance

NYSE:WPM traded up $1.63 during trading hours on Friday, hitting $104.36. The stock had a trading volume of 2,113,870 shares, compared to its average volume of 1,828,383. The company has a 50 day simple moving average of $94.30 and a two-hundred day simple moving average of $85.38. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $105.98. The firm has a market capitalization of $47.37 billion, a price-to-earnings ratio of 60.32, a P/E/G ratio of 2.87 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. During the same period last year, the firm earned $0.33 EPS. The business's quarterly revenue was up 68.2% compared to the same quarter last year. Equities research analysts anticipate 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 was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals's payout ratio is currently 38.15%.

Analyst Upgrades and Downgrades

WPM has been the subject of a number of recent research reports. Berenberg Bank lifted 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 note on Thursday, July 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Scotiabank lifted their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Finally, UBS Group set a $106.00 price objective on shares of Wheaton Precious Metals and gave the company a "neutral" rating in a research note on Monday, August 11th. One research 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.33.

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.