Vanguard Personalized Indexing Management LLC Has $2.32 Million Stock Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Wheaton Precious Metals by 19.7%, bringing its total holdings to approximately $2.32 million after acquiring additional shares in the second quarter.
• Analysts have positive forecasts for Wheaton Precious Metals, with CIBC and UBS raising their price targets, and a consensus rating of "Moderate Buy" with a price target of $114.50.
• Wheaton Precious Metals reported a quarterly earnings per share (EPS) of $0.63, exceeding estimates, and a revenue increase of 68.2% year-over-year, indicating strong financial performance.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,839 shares of the company's stock after purchasing an additional 4,245 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Wheaton Precious Metals were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WPM. Assenagon Asset Management S.A. raised its stake in shares of Wheaton Precious Metals by 21.6% during the first quarter. Assenagon Asset Management S.A. now owns 22,515 shares of the company's stock worth $1,747,000 after buying an additional 3,995 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Wheaton Precious Metals during the 1st quarter worth $531,000. Mission Wealth Management LP bought a new stake in shares of Wheaton Precious Metals during the 1st quarter valued at $227,000. Janney Montgomery Scott LLC lifted its stake in shares of Wheaton Precious Metals by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,043 shares of the company's stock valued at $3,186,000 after purchasing an additional 3,750 shares during the period. Finally, Sowell Financial Services LLC bought a new position in shares of Wheaton Precious Metals in the 1st quarter worth $769,000. Institutional investors own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WPM. CIBC upped their price objective on Wheaton Precious Metals from $135.00 to $160.00 and gave the company an "outperformer" rating in a report on Friday, October 10th. UBS Group upped their price target on Wheaton Precious Metals from $106.00 to $118.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Wheaton Precious Metals in a research report on Wednesday, October 8th. Scotiabank boosted their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.50.

Wheaton Precious Metals Price Performance

WPM opened at $110.13 on Thursday. The company has a market capitalization of $50.00 billion, a price-to-earnings ratio of 63.66, a P/E/G ratio of 2.89 and a beta of 0.41. The business's 50-day moving average price is $103.14 and its two-hundred day moving average price is $92.02. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.00.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The business had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.Wheaton Precious Metals's quarterly revenue was up 68.2% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Sell-side 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 firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a dividend of $0.165 per share. The ex-dividend date 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 presently 38.15%.

Wheaton Precious Metals 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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