Wheaton Precious Metals Corp. (NYSE:WPM) Shares Purchased by Ruffer LLP

Key Points

• Ruffer LLP increased its stake in Wheaton Precious Metals by 44.1%, acquiring an additional 88,720 shares, which brings their total ownership to 289,744 shares.
• Wheaton Precious Metals' stock has received multiple rating upgrades from analysts, with Berenberg Bank setting a new target price of $95.00 and maintaining a "buy" rating.
• The company also declared a quarterly dividend of $0.165 per share, reflecting a 0.7% dividend yield for investors.

Ruffer LLP lifted its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 44.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 289,744 shares of the company's stock after purchasing an additional 88,720 shares during the quarter. Wheaton Precious Metals accounts for about 0.9% of Ruffer LLP's holdings, making the stock its 26th largest position. Ruffer LLP owned about 0.06% of Wheaton Precious Metals worth $22,493,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPM. NBT Bank N A NY raised 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 valued at $32,000 after purchasing an additional 234 shares during the period. Headlands Technologies LLC raised its stake in shares of Wheaton Precious Metals by 494.9% during the 4th quarter. Headlands Technologies LLC now owns 696 shares of the company's stock valued at $39,000 after purchasing an additional 579 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $49,000. Princeton Global Asset Management LLC bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $52,000. Finally, Penserra Capital Management LLC raised its stake in shares of Wheaton Precious Metals by 1,812.8% during the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after purchasing an additional 707 shares during the period. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Trading Up 0.6%

NYSE WPM traded up $0.62 on Wednesday, hitting $98.60. 1,894,393 shares of the company traded hands, compared to its average volume of 1,741,783. The company has a market capitalization of $44.76 billion, a price-to-earnings ratio of 72.50, a P/E/G ratio of 2.74 and a beta of 0.39. The business's 50 day moving average price is $90.74 and its 200-day moving average price is $79.93. Wheaton Precious Metals Corp. has a 52-week low of $53.05 and a 52-week high of $98.66.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $470.41 million for the quarter, compared to analysts' expectations of $446.33 million. Wheaton Precious Metals had a return on equity of 10.32% and a net margin of 42.45%. Wheaton Precious Metals's revenue was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 earnings per share. As a group, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were paid a $0.165 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.7%. Wheaton Precious Metals's dividend payout ratio (DPR) is 48.53%.

Analyst Ratings Changes

A number of equities analysts have weighed in on WPM shares. CIBC restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Royal Bank Of Canada upped their target price on Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Scotiabank upped their target price on Wheaton Precious Metals from $79.00 to $87.00 and gave the stock a "sector outperform" rating in a research note on Monday, April 14th. BMO Capital Markets initiated coverage on Wheaton Precious Metals in a report on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective for the company. Finally, Raymond James Financial upped their price objective on Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $93.00.

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.