PKO Investment Management Joint Stock Co Reduces Stock Holdings in Wheaton Precious Metals Corp. $WPM

Key Points

• PKO Investment Management reduced its stake in Wheaton Precious Metals by 24.3%, selling 44,300 shares and now owning 137,891 shares worth $16.24 million (1.3% of its holdings, its 17th-largest position).
• Wheaton beat quarterly estimates with $1.22 EPS and $864.7M revenue (up 127.3% year-over-year) and raised its quarterly dividend to $0.195 per share.
• Institutional ownership is high at 70.34% amid large funds adding positions, while analyst sentiment is largely positive (13 Buys, 1 Hold) with a consensus target of $155.45 ("Moderate Buy").

PKO Investment Management Joint Stock Co lowered its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,891 shares of the company's stock after selling 44,300 shares during the quarter. Wheaton Precious Metals accounts for 1.3% of PKO Investment Management Joint Stock Co's holdings, making the stock its 17th biggest position. PKO Investment Management Joint Stock Co's holdings in Wheaton Precious Metals were worth $16,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Wheaton Precious Metals by 36.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company's stock worth $777,938,000 after purchasing an additional 1,847,977 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Wheaton Precious Metals by 53.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,197,048 shares of the company's stock valued at $469,459,000 after buying an additional 1,453,572 shares during the period. Bank of Montreal Can lifted its holdings in shares of Wheaton Precious Metals by 26.1% in the 3rd quarter. Bank of Montreal Can now owns 6,455,675 shares of the company's stock valued at $722,270,000 after buying an additional 1,335,588 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Wheaton Precious Metals by 1,655.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,245,766 shares of the company's stock worth $139,333,000 after buying an additional 1,174,799 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Wheaton Precious Metals by 158.1% in the third quarter. Capital Research Global Investors now owns 1,458,898 shares of the company's stock worth $163,224,000 after buying an additional 893,733 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group upgraded Wheaton Precious Metals from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a research report on Friday, March 27th. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the stock a "sector outperform" rating in a research note on Monday, March 16th. 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. TD Securities boosted their target price on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Wednesday, February 4th. Thirteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and a consensus target price of $155.45.

Key Stories Impacting Wheaton Precious Metals

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.

Wheaton Precious Metals Trading Down 0.7%

Shares of WPM stock opened at $125.61 on Friday. Wheaton Precious Metals Corp. has a 12-month low of $75.42 and a 12-month high of $165.76. The business's 50 day moving average is $140.42 and its two-hundred day moving average is $126.31. The company has a market capitalization of $57.04 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.65 and a beta of 0.50.

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

Wheaton Precious Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.195 per share. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 24.07%.

Wheaton Precious Metals Company Profile

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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