Wheaton Precious Metals Corp. $WPM Shares Purchased by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. increased its stake in Wheaton Precious Metals by 80.9%, owning a total of 43,208 shares valued at approximately $3.89 million.
• Wheaton Precious Metals' stock recently experienced a 2.0% uptick, and has a market capitalization of $47.87 billion.
• Recent analyst ratings have been positive, with target prices raised by various firms, resulting in an average rating of "Moderate Buy" and a consensus price target of $114.50.

Vontobel Holding Ltd. raised its stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) by 80.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,208 shares of the company's stock after purchasing an additional 19,322 shares during the period. Vontobel Holding Ltd.'s holdings in Wheaton Precious Metals were worth $3,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WPM. Assenagon Asset Management S.A. raised its position in Wheaton Precious Metals by 21.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 22,515 shares of the company's stock valued at $1,747,000 after purchasing an additional 3,995 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in Wheaton Precious Metals in the 1st quarter valued at about $235,000. Dynamic Advisor Solutions LLC acquired a new stake in Wheaton Precious Metals in the 1st quarter valued at about $531,000. Exchange Traded Concepts LLC raised its position in Wheaton Precious Metals by 5,413.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 53,154 shares of the company's stock valued at $4,126,000 after purchasing an additional 52,190 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new stake in Wheaton Precious Metals in the 1st quarter valued at about $227,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WPM shares. Berenberg Bank raised their target price on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Wall Street Zen raised Wheaton Precious Metals from a "hold" rating to a "buy" rating in a research report on Monday, September 8th. UBS Group raised their target price on Wheaton Precious Metals from $106.00 to $118.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Scotiabank raised their target price on Wheaton Precious Metals from $108.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial raised their target price on Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an "outperform" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has an average rating of "Moderate Buy" and a consensus price target of $114.50.

Wheaton Precious Metals Stock Up 2.0%

NYSE:WPM opened at $105.44 on Friday. The stock's 50 day moving average price is $102.44 and its 200 day moving average price is $91.34. The company has a market capitalization of $47.87 billion, a PE ratio of 60.95, a P/E/G ratio of 2.76 and a beta of 0.41. Wheaton Precious Metals Corp. has a 52-week low of $55.47 and a 52-week high of $114.00.

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, topping analysts' consensus estimates 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 firm's quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. As a group, sell-side analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business 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. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio (DPR) is 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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