Sivia Capital Partners LLC Takes $239,000 Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Sivia Capital Partners LLC has made a new investment of $239,000 in Wheaton Precious Metals Corp., acquiring 2,657 shares during the 2nd quarter.
• Wheaton Precious Metals reported a quarterly earnings per share of $0.63, exceeding analyst expectations, with a revenue increase of 68.2% year-over-year.
• The company announced a quarterly dividend of $0.165 per share, resulting in an annualized dividend yield of 0.6%.

Sivia Capital Partners LLC acquired a new position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,657 shares of the company's stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Wheaton Precious Metals by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company's stock worth $1,396,556,000 after purchasing an additional 324,340 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Wheaton Precious Metals by 5.0% during the first quarter. TD Asset Management Inc now owns 7,512,351 shares of the company's stock valued at $582,876,000 after acquiring an additional 355,533 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Wheaton Precious Metals by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock valued at $393,800,000 after acquiring an additional 470,651 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Wheaton Precious Metals by 54.4% during the fourth quarter. Mackenzie Financial Corp now owns 3,223,154 shares of the company's stock valued at $181,227,000 after acquiring an additional 1,135,699 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Wheaton Precious Metals by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 3,060,056 shares of the company's stock valued at $237,552,000 after acquiring an additional 144,782 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

NYSE WPM traded up $0.20 during trading hours on Monday, hitting $107.85. 2,023,295 shares of the company traded hands, compared to its average volume of 1,899,465. The business's 50-day moving average is $97.53 and its 200-day moving average is $87.96. Wheaton Precious Metals Corp. has a twelve month low of $55.47 and a twelve month high of $109.67. The stock has a market capitalization of $48.96 billion, a price-to-earnings ratio of 62.26, a P/E/G ratio of 2.91 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued 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 return on equity of 11.96% and a net margin of 47.46%.The firm had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The business's quarterly revenue was up 68.2% compared to the same quarter last year. Analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.6%. Wheaton Precious Metals's dividend payout ratio is 38.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Scotiabank upped their price target on 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. Royal Bank Of Canada upped their price objective on Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Berenberg Bank upped their price objective on Wheaton Precious Metals from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, September 12th. Finally, UBS Group upped their price objective on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a "neutral" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $102.78.

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.