Wheaton Precious Metals Corp. $WPM is Mad River Investors' 6th Largest Position

Key Points

• Mad River Investors reduced its stake in Wheaton Precious Metals Corp. by 21.6%, now holding 115,925 shares, making it the company's sixth largest position.
• The company reported a quarterly earnings per share of $0.63, exceeding analysts' expectations of $0.58, and had a revenue of $503.22 million for the quarter.
• A quarterly dividend of $0.165 per share was declared, yielding 0.6%, with a payout ratio of 38.15%.

Mad River Investors cut its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 21.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,925 shares of the company's stock after selling 31,868 shares during the period. Wheaton Precious Metals makes up approximately 4.7% of Mad River Investors' holdings, making the stock its 6th largest holding. Mad River Investors' holdings in Wheaton Precious Metals were worth $10,410,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WPM. NBT Bank N A NY grew its position in shares of Wheaton Precious Metals by 129.3% in the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $38,000. Banque Cantonale Vaudoise acquired a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $49,000. Princeton Global Asset Management LLC acquired a new stake in shares of Wheaton Precious Metals in the first quarter valued at approximately $52,000. Finally, Penserra Capital Management LLC grew its position in shares of Wheaton Precious Metals by 1,812.8% in the first quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after purchasing an additional 707 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Performance

Shares of NYSE WPM opened at $106.79 on Monday. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $108.67. The firm's 50 day moving average price is $95.90 and its 200 day moving average price is $86.68. The firm has a market cap of $48.48 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.42.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The company had revenue of $503.22 million for the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. Wheaton Precious Metals's revenue was up 68.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, equities analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Raymond James Financial increased their price target on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a research report on Friday. CIBC reiterated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, July 15th. UBS Group set a $106.00 target price on shares of Wheaton Precious Metals and gave the stock a "neutral" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada raised their target price 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. 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.44.

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.

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