Wheaton Precious Metals Corp. $WPM is Louisbourg Investments Inc.'s 5th Largest Position

Key Points

• Louisbourg Investments Inc. has raised its stake in Wheaton Precious Metals Corp. by 72.9% in Q2, making it the firm's 5th largest position, now worth approximately $10.4 million.
• Wheaton Precious Metals reported earnings of $0.63 per share in its most recent quarter, exceeding expectations and showing a 68.2% year-over-year increase in revenue.
• Wall Street analysts have a generally positive outlook for Wheaton Precious Metals, with a current average rating of Moderate Buy and a target price of $114.50.

Louisbourg Investments Inc. raised its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 72.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,846 shares of the company's stock after buying an additional 48,852 shares during the period. Wheaton Precious Metals accounts for 2.3% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 5th biggest holding. Louisbourg Investments Inc.'s holdings in Wheaton Precious Metals were worth $10,398,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Pacer Advisors Inc. increased its stake in shares of Wheaton Precious Metals by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 4,144 shares of the company's stock worth $322,000 after purchasing an additional 117 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its stake in shares of Wheaton Precious Metals by 2.8% during the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 5,070 shares of the company's stock worth $393,000 after purchasing an additional 140 shares during the last quarter. Avantax Advisory Services Inc. increased its stake 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 worth $523,000 after purchasing an additional 140 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of Wheaton Precious Metals by 9.0% during the 1st 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 last quarter. Finally, HB Wealth Management LLC increased its stake in shares of Wheaton Precious Metals by 3.2% during the 2nd quarter. HB Wealth Management LLC now owns 5,068 shares of the company's stock worth $455,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WPM. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research note on Monday, September 8th. Weiss Ratings restated a "buy (b-)" rating on shares of Wheaton Precious Metals in a research note on Wednesday. UBS Group raised 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. Scotiabank raised their price objective on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. Finally, National Bankshares reissued an "outperform" rating on shares of Wheaton Precious Metals in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $114.50.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $105.44 on Friday. The firm's fifty day moving average price is $102.44 and its 200-day moving average price is $91.34. The stock has a market cap of $47.87 billion, a P/E ratio of 60.95, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week 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 for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million for 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% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. On average, analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

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