Vise Technologies Inc. Takes $1.70 Million Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Vise Technologies acquired 15,117 shares of Wheaton Precious Metals worth approximately $1.70 million during the second quarter. Institutional investors collectively own 70.34% of the company.
• Analysts remain broadly positive, with 12 Buy ratings and one Hold rating, despite several firms lowering price targets. The consensus rating is “Moderate Buy,” with a target price of $165.55.
• Wheaton reported quarterly EPS of $1.19, exceeding estimates, while revenue rose 84.7% year over year to $878 million. The company also declared a quarterly dividend of $0.195 per share, representing a 0.5% annualized yield.

Vise Technologies Inc. acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,117 shares of the company's stock, valued at approximately $1,698,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in shares of Wheaton Precious Metals during the 1st quarter valued at $331,000. Focus Partners Wealth grew its holdings in shares of Wheaton Precious Metals by 10.7% in the first quarter. Focus Partners Wealth now owns 11,223 shares of the company's stock worth $871,000 after acquiring an additional 1,081 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Wheaton Precious Metals in the first quarter worth $209,000. Sivia Capital Partners LLC purchased a new stake in Wheaton Precious Metals during the second quarter valued at $239,000. Finally, Rhumbline Advisers increased its position in Wheaton Precious Metals by 28.3% during the second quarter. Rhumbline Advisers now owns 2,952 shares of the company's stock valued at $265,000 after acquiring an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America dropped their target price on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group reduced their price target on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating for the company in a research report on Monday, July 6th. UBS Group lowered their price objective on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Berenberg Bank set a $157.00 price objective on shares of Wheaton Precious Metals in a report on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.55.

Wheaton Precious Metals Price Performance

Shares of Wheaton Precious Metals stock opened at $157.80 on Friday. The stock has a market cap of $71.67 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The stock's fifty day moving average is $119.19 and its 200 day moving average is $130.48. Wheaton Precious Metals Corp. has a one year low of $92.57 and a one year high of $165.76.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The business had revenue of $878.00 million during the quarter, compared to analyst estimates of $879.29 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. Wheaton Precious Metals's revenue for the quarter was up 84.7% on a year-over-year basis. Sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 4.8 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.195 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. Wheaton Precious Metals's payout ratio is 17.29%.

About Wheaton Precious Metals

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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