Ruffer LLP Has $17.02 Million Stock Holdings in Wheaton Precious Metals Corp. $WPM

Key Points

• Ruffer LLP has reduced its stake in Wheaton Precious Metals Corp. by 34.6%, holding 189,484 shares valued at approximately $17.02 million.
• Analysts have raised their price targets for Wheaton Precious Metals, with UBS Group increasing its target from $106 to $118, while maintaining a "neutral" rating.
• Wheaton Precious Metals recently reported a 68.2% year-over-year increase in quarterly revenue, posting $503.22 million against expectations of $424.23 million.

Ruffer LLP trimmed its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 34.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,484 shares of the company's stock after selling 100,260 shares during the period. Ruffer LLP's holdings in Wheaton Precious Metals were worth $17,016,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Wheaton Precious Metals by 2.9% in the first quarter. Pacer Advisors Inc. now owns 4,144 shares of the company's stock worth $322,000 after acquiring an additional 117 shares in the last quarter. Asahi Life Asset Management CO. LTD. grew its position in Wheaton Precious Metals by 2.8% in the first quarter. Asahi Life Asset Management CO. LTD. now owns 5,070 shares of the company's stock worth $393,000 after acquiring an additional 140 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Wheaton Precious Metals by 2.1% in the first quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company's stock worth $523,000 after acquiring an additional 140 shares in the last quarter. Continuum Advisory LLC grew its position in Wheaton Precious Metals by 9.0% in the first quarter. Continuum Advisory LLC now owns 1,823 shares of the company's stock worth $142,000 after acquiring an additional 151 shares in the last quarter. Finally, Allworth Financial LP grew its position in Wheaton Precious Metals by 2.9% in the first quarter. Allworth Financial LP now owns 5,715 shares of the company's stock worth $470,000 after acquiring an additional 161 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WPM has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a report on Friday, August 8th. Raymond James Financial upped their price objective 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. Royal Bank Of Canada upped their price objective on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, Berenberg Bank upped their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $102.78.

Wheaton Precious Metals Price Performance

NYSE:WPM opened at $105.42 on Thursday. The stock has a market cap of $47.86 billion, a P/E ratio of 60.94, a PEG ratio of 2.91 and a beta of 0.42. Wheaton Precious Metals Corp. has a one year low of $55.47 and a one year high of $109.67. The company has a fifty day moving average price of $98.49 and a 200 day moving average price of $88.47.

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

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals's dividend 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.

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