LRT Capital Management LLC Purchases Shares of 6,643 Wheaton Precious Metals Corp. $WPM

LRT Capital Management LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the fourth quarter, Holdings Channel reports. The firm purchased 6,643 shares of the company’s stock, valued at approximately $781,000.

Other large investors have also recently bought and sold shares of the company. TD Asset Management Inc grew its position in Wheaton Precious Metals by 3.5% in the third quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock valued at $811,726,000 after acquiring an additional 244,027 shares during the period. Sprott Inc. grew its position in Wheaton Precious Metals by 3.0% in the third quarter. Sprott Inc. now owns 1,151,886 shares of the company’s stock valued at $128,928,000 after acquiring an additional 33,076 shares during the period. LBP AM SA grew its position in Wheaton Precious Metals by 632.2% in the fourth quarter. LBP AM SA now owns 119,855 shares of the company’s stock valued at $14,085,000 after acquiring an additional 103,485 shares during the period. Montrusco Bolton Investments Inc. grew its position in Wheaton Precious Metals by 107.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 233,795 shares of the company’s stock valued at $26,169,000 after acquiring an additional 120,866 shares during the period. Finally, Moody Lynn & Lieberson LLC bought a new stake in Wheaton Precious Metals in the fourth quarter valued at $2,052,000. 70.34% of the stock is currently owned by institutional investors.

Wheaton Precious Metals Stock Performance

Shares of WPM stock opened at $116.09 on Friday. Wheaton Precious Metals Corp. has a 52 week low of $85.59 and a 52 week high of $165.76. The stock has a market capitalization of $52.72 billion, a PE ratio of 29.31, a PEG ratio of 2.19 and a beta of 0.51. The stock’s fifty day moving average is $132.81 and its 200-day moving average is $131.73.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 91.7% compared to the same quarter last year. As a group, analysts forecast that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is 19.70%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WPM. TD Cowen upped their price target on Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. BMO Capital Markets assumed coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 target price on the stock. UBS Group upgraded Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, March 27th. Finally, TD Securities increased their target price on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and an average price target of $155.64.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company’s activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.