Wheaton Precious Metals Corp. (NYSE:WPM) Shares Acquired by EagleClaw Capital Managment LLC

Key Points

• EagleClaw Capital Management LLC increased its holdings in Wheaton Precious Metals Corp. by 2.6%, owning 165,067 shares valued at approximately $12.81 million.
• Wheaton Precious Metals reported $0.55 earnings per share (EPS) in Q1, exceeding analysts' forecasts of $0.50, with a revenue increase of 58.4% year-over-year.
• The company announced a quarterly dividend of $0.165, reflecting an annualized yield of 0.7% and a payout ratio of 48.53%.

EagleClaw Capital Managment LLC raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,067 shares of the company's stock after purchasing an additional 4,150 shares during the period. Wheaton Precious Metals makes up about 2.0% of EagleClaw Capital Managment LLC's portfolio, making the stock its 10th largest holding. EagleClaw Capital Managment LLC's holdings in Wheaton Precious Metals were worth $12,814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WPM. Pacer Advisors Inc. boosted its stake in shares of Wheaton Precious Metals by 2.9% in the first quarter. Pacer Advisors Inc. now owns 4,144 shares of the company's stock valued at $322,000 after buying an additional 117 shares during the period. Asahi Life Asset Management CO. LTD. raised its holdings in Wheaton Precious Metals by 2.8% in the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 5,070 shares of the company's stock valued at $393,000 after acquiring an additional 140 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Wheaton Precious Metals by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,737 shares of the company's stock valued at $523,000 after acquiring an additional 140 shares during the period. Continuum Advisory LLC increased its position in shares of 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 purchasing an additional 151 shares during the period. Finally, Allworth Financial LP increased its position in shares of 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 purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 70.34% of the company's stock.

Wheaton Precious Metals Stock Performance

Shares of NYSE:WPM opened at $91.52 on Friday. Wheaton Precious Metals Corp. has a 52-week low of $53.05 and a 52-week high of $96.83. The company has a market capitalization of $41.55 billion, a PE ratio of 67.30, a price-to-earnings-growth ratio of 2.54 and a beta of 0.46. The company has a fifty day moving average of $90.20 and a 200-day moving average of $78.99.

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

Wheaton Precious Metals Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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 research report on Wednesday, June 4th. Raymond James Financial increased their price target on shares of Wheaton Precious Metals from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. BMO Capital Markets started coverage on shares of Wheaton Precious Metals in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. Finally, UBS Group raised their target price on Wheaton Precious Metals from $78.00 to $89.00 and gave the company a "buy" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $93.00.

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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