Evelyn Partners Investment Management Services Ltd Has $13.39 Million Stake in Wheaton Precious Metals Corp. $WPM

Evelyn Partners Investment Management Services Ltd raised its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,110 shares of the company’s stock after purchasing an additional 5,522 shares during the period. Wheaton Precious Metals makes up about 1.6% of Evelyn Partners Investment Management Services Ltd’s portfolio, making the stock its 18th largest holding. Evelyn Partners Investment Management Services Ltd’s holdings in Wheaton Precious Metals were worth $13,390,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Parvin Asset Management LLC raised its position in shares of Wheaton Precious Metals by 0.6% in the fourth quarter. Parvin Asset Management LLC now owns 11,925 shares of the company’s stock valued at $1,401,000 after buying an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in Wheaton Precious Metals by 0.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 20,465 shares of the company’s stock worth $2,405,000 after buying an additional 75 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in Wheaton Precious Metals by 1.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,203 shares of the company’s stock worth $494,000 after buying an additional 78 shares in the last quarter. Gables Capital Management Inc. increased its stake in Wheaton Precious Metals by 7.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,079 shares of the company’s stock worth $127,000 after acquiring an additional 79 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Wheaton Precious Metals by 0.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 27,105 shares of the company’s stock worth $3,185,000 after acquiring an additional 86 shares during the period. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $111.91 on Tuesday. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 2.01 and a beta of 0.55. The business’s 50-day moving average is $117.15 and its 200-day moving average is $131.63. Wheaton Precious Metals Corp. has a 1 year low of $90.39 and a 1 year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. The business had revenue of $901.47 million during the quarter, compared to analysts’ expectations of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The firm’s revenue was up 91.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. Analysts anticipate that Wheaton Precious Metals Corp. will post 4.73 EPS for the current year.

Wheaton Precious Metals Announces Dividend

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

Analysts Set New Price Targets

WPM has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their target price on Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Scotiabank dropped their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Royal Bank Of Canada cut their price objective on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Bank of America reduced their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.09.

About Wheaton Precious Metals

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.