Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Sells 4,600 Shares of Wheaton Precious Metals Corp. $WPM

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. cut its stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 11.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,610 shares of the company’s stock after selling 4,600 shares during the quarter. Wheaton Precious Metals accounts for about 8.6% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 3rd largest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Wheaton Precious Metals were worth $3,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. LBP AM SA lifted its stake in shares of Wheaton Precious Metals by 632.2% in the 4th 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 last quarter. SeaBridge Investment Advisors LLC grew its position in Wheaton Precious Metals by 12.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 75,180 shares of the company’s stock worth $8,835,000 after acquiring an additional 8,068 shares during the last quarter. Euro Pacific Asset Management LLC grew its position in Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company’s stock worth $37,895,000 after acquiring an additional 8,455 shares during the last quarter. Abacus Wealth Partners LLC increased its holdings in Wheaton Precious Metals by 1,402.0% in the 4th quarter. Abacus Wealth Partners LLC now owns 32,023 shares of the company’s stock worth $3,763,000 after purchasing an additional 29,891 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Wheaton Precious Metals by 489.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,300 shares of the company’s stock worth $8,631,000 after purchasing an additional 61,700 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank Of Canada dropped their target price on 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. Weiss Ratings cut Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Bank of America lowered their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Jefferies Financial Group cut their target price on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.55.

Wheaton Precious Metals Stock Up 0.7%

Shares of NYSE:WPM opened at $134.37 on Wednesday. The firm has a market cap of $61.03 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.39 and a beta of 0.55. Wheaton Precious Metals Corp. has a 12-month low of $90.94 and a 12-month high of $165.76. The business has a fifty day simple moving average of $115.33 and a 200 day simple moving average of $130.71.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. Wheaton Precious Metals had a return on equity of 22.61% and a net margin of 64.66%.The business’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities research analysts expect that Wheaton Precious Metals Corp. will post 4.76 EPS for the current year.

Wheaton Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s dividend payout ratio is currently 17.29%.

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.