Sanctuary Advisors LLC Invests $1.62 Million in Wheaton Precious Metals Corp. $WPM

Sanctuary Advisors LLC purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the second quarter, Holdings Channel reports. The fund purchased 14,399 shares of the company’s stock, valued at approximately $1,617,000.

Other institutional investors also recently added to or reduced their stakes in the company. Stack Financial Management Inc purchased a new stake in Wheaton Precious Metals in the second quarter worth $30,118,000. Euro Pacific Asset Management LLC lifted its position in shares of 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 valued at $37,895,000 after buying an additional 8,455 shares during the last quarter. Abacus Wealth Partners LLC lifted its position in shares of Wheaton Precious Metals by 1,402.0% during the 4th quarter. Abacus Wealth Partners LLC now owns 32,023 shares of the company’s stock valued at $3,763,000 after buying an additional 29,891 shares during the last quarter. Pecaut & CO. bought a new position in shares of Wheaton Precious Metals during the 2nd quarter worth $1,297,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Wheaton Precious Metals by 489.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,300 shares of the company’s stock worth $8,631,000 after acquiring an additional 61,700 shares during the period. Institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $155.75 on Thursday. Wheaton Precious Metals Corp. has a 12-month low of $92.57 and a 12-month high of $165.76. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. The company has a market cap of $70.74 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.89 and a beta of 0.55. The stock has a 50-day moving average price of $121.21 and a 200-day moving average price of $130.97.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. Wheaton Precious Metals’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. As a group, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.79 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Wheaton Precious Metals’s payout ratio is currently 17.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WPM. Berenberg Bank set a $157.00 price objective on Wheaton Precious Metals in a research note on Tuesday, July 28th. Weiss Ratings lowered shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Scotiabank reduced their target price on shares of 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. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Royal Bank Of Canada dropped their price target on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.55.

Wheaton Precious Metals Company 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.