Mn Services Vermogensbeheer B.V. Boosts Holdings in Wheaton Precious Metals Corp. $WPM

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Wheaton Precious Metals by 3.5% in the second quarter, now holding 169,530 shares valued at $15,215,000.
• Wheaton Precious Metals reported a quarterly EPS of $0.63, surpassing analyst expectations of $0.58, with a significant year-over-year revenue increase of 68.2%.
• Wheaton Precious Metals recently announced a quarterly dividend of $0.165 per share, translating to an annualized dividend yield of 0.6%.

Mn Services Vermogensbeheer B.V. lifted its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 3.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 169,530 shares of the company's stock after purchasing an additional 5,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Wheaton Precious Metals were worth $15,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bulwark Capital Corp bought a new stake in Wheaton Precious Metals in the second quarter valued at $27,000. NBT Bank N A NY boosted its holdings in Wheaton Precious Metals by 129.3% in the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the first quarter valued at $38,000. Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals in the first quarter valued at $49,000. Finally, Princeton Global Asset Management LLC bought a new stake in Wheaton Precious Metals in the first quarter valued at $52,000. Institutional investors own 70.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WPM. 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 report on Wednesday, June 4th. BMO Capital Markets reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. Raymond James Financial raised their price objective on Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Finally, Berenberg Bank raised their price objective on 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 analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $102.78.

Wheaton Precious Metals Stock Performance

Shares of WPM traded up $2.89 during trading hours on Friday, hitting $107.67. The company had a trading volume of 8,717,457 shares, compared to its average volume of 1,840,410. The firm has a fifty day moving average price of $97.53 and a 200-day moving average price of $87.72. The stock has a market capitalization of $48.88 billion, a price-to-earnings ratio of 62.24, a P/E/G ratio of 2.84 and a beta of 0.42. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $108.67.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company 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 company earned $0.33 EPS. Wheaton Precious Metals's revenue for the quarter was up 68.2% on a year-over-year basis. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid 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 was Thursday, August 21st. Wheaton Precious Metals's payout ratio is currently 38.15%.

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.