Plato Investment Management Ltd Acquires 49,030 Shares of Wheaton Precious Metals Corp. $WPM

Key Points

• Plato Investment Management Ltd increased its stake in Wheaton Precious Metals Corp. by 396.3% during the 1st quarter, owning 61,403 shares valued at approximately $4.8 million after acquiring an additional 49,030 shares.
• The company reported EPS of $0.63 for the last quarter, exceeding analyst expectations of $0.58, and saw year-over-year revenue growth of 68.2%.
• A recent quarterly dividend of $0.165 was paid to shareholders, representing an annualized dividend yield of 0.6% with a payout ratio of 38.15%.

Plato Investment Management Ltd boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 396.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 61,403 shares of the company's stock after acquiring an additional 49,030 shares during the period. Plato Investment Management Ltd's holdings in Wheaton Precious Metals were worth $4,816,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WPM. United Services Automobile Association boosted its position in shares of Wheaton Precious Metals by 3.2% in the 1st quarter. United Services Automobile Association now owns 15,478 shares of the company's stock worth $1,191,000 after purchasing an additional 484 shares during the last quarter. Guardian Partners Inc. acquired a new position in Wheaton Precious Metals in the first quarter valued at about $538,000. Scientech Research LLC lifted its stake in Wheaton Precious Metals by 21.0% in the first quarter. Scientech Research LLC now owns 8,059 shares of the company's stock valued at $626,000 after buying an additional 1,396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Wheaton Precious Metals by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company's stock worth $393,800,000 after buying an additional 470,651 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Wheaton Precious Metals during the 1st quarter worth about $2,885,000. Institutional investors own 70.34% of the company's stock.

Analyst Ratings Changes

WPM has been the topic of a number of analyst reports. Scotiabank increased their price target on shares of Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 12th. CIBC reaffirmed an "outperform" rating on shares of Wheaton Precious Metals in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a "hold" rating to a "buy" rating in a report on Monday. Royal Bank Of Canada boosted their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, National Bankshares restated an "outperform" rating on shares of Wheaton Precious Metals in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Wheaton Precious Metals has an average rating of "Moderate Buy" and a consensus price target of $101.44.

Wheaton Precious Metals Stock Performance

NYSE WPM traded down $0.58 on Friday, reaching $106.79. The company had a trading volume of 1,890,374 shares, compared to its average volume of 1,742,200. The firm has a market capitalization of $48.48 billion, a price-to-earnings ratio of 61.73, a price-to-earnings-growth ratio of 2.95 and a beta of 0.42. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $108.67. The company's fifty day moving average is $95.90 and its 200-day moving average is $86.44.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) 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 the consensus estimate of $424.23 million. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company's revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.165 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.66 annualized dividend and a yield of 0.6%. Wheaton Precious Metals's payout ratio is presently 38.15%.

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.