Intech Investment Management LLC Has $8.23 Million Position in Wheaton Precious Metals Corp. $WPM

Key Points

• Intech Investment Management LLC increased its stake in Wheaton Precious Metals Corp. by 43.4% in the first quarter, holding 106,066 shares valued at approximately $8.23 million.
• The company's recent earnings report showed an EPS of $0.63, surpassing estimates, with a revenue increase of 68.2% year-over-year, reaching $503.22 million.
• Wheaton Precious Metals has received favorable ratings from multiple analysts, including a "buy" rating from Berenberg Bank, who raised its price target from $87.00 to $95.00.

Intech Investment Management LLC raised its position in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 43.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 106,066 shares of the company's stock after acquiring an additional 32,091 shares during the period. Intech Investment Management LLC's holdings in Wheaton Precious Metals were worth $8,230,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of WPM. NBT Bank N A NY lifted its stake in Wheaton Precious Metals by 129.3% in the 1st quarter. NBT Bank N A NY now owns 415 shares of the company's stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in Wheaton Precious Metals in the 1st quarter valued at approximately $38,000. Banque Cantonale Vaudoise bought a new stake in Wheaton Precious Metals in the 1st quarter valued at approximately $49,000. Princeton Global Asset Management LLC bought a new stake in Wheaton Precious Metals in the 1st quarter valued at approximately $52,000. Finally, Penserra Capital Management LLC lifted its stake in Wheaton Precious Metals by 1,812.8% in the 1st quarter. Penserra Capital Management LLC now owns 746 shares of the company's stock valued at $57,000 after acquiring an additional 707 shares in the last quarter. Institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Trading Down 0.5%

Shares of NYSE:WPM traded down $0.58 during trading on Friday, hitting $106.79. 1,890,374 shares of the company were exchanged, compared to its average volume of 1,742,200. The stock has a market cap of $48.48 billion, a price-to-earnings ratio of 61.73, a P/E/G ratio of 2.95 and a beta of 0.42. Wheaton Precious Metals Corp. has a fifty-two week low of $55.47 and a fifty-two week high of $108.67. The firm has a fifty day moving average price of $95.90 and a two-hundred day moving average price of $86.55.

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 the consensus estimate of $0.58 by $0.05. The firm had revenue of $503.22 million for the quarter, compared to analyst estimates of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business's quarterly revenue was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. As a group, research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS 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 issued 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 dividend yield of 0.6%. Wheaton Precious Metals's payout ratio is presently 38.15%.

Analyst Upgrades and Downgrades

Several research firms have commented on WPM. Scotiabank boosted their target price on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. UBS Group set a $106.00 target price on Wheaton Precious Metals and gave the company a "neutral" rating in a research note on Monday, August 11th. National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and an average price target of $101.44.

About Wheaton Precious Metals

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.