Leonteq Securities AG Has $966,000 Stock Position in Wheaton Precious Metals Corp. $WPM

Leonteq Securities AG increased its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 2,154.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,373 shares of the company’s stock after purchasing an additional 7,046 shares during the quarter. Leonteq Securities AG’s holdings in Wheaton Precious Metals were worth $966,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Wheaton Precious Metals by 144.4% during the 4th quarter. Assetmark Inc. now owns 220 shares of the company’s stock worth $26,000 after buying an additional 130 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in shares of Wheaton Precious Metals by 100.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock worth $27,000 after buying an additional 117 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Wheaton Precious Metals in the fourth quarter worth about $28,000. Navalign LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $30,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Wheaton Precious Metals in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wheaton Precious Metals Trading Down 0.1%

Shares of NYSE WPM opened at $115.58 on Friday. Wheaton Precious Metals Corp. has a one year low of $85.59 and a one year high of $165.76. The business has a 50-day moving average price of $125.32 and a two-hundred day moving average price of $132.67. The firm has a market capitalization of $52.49 billion, a PE ratio of 29.19, a PEG ratio of 2.18 and a beta of 0.55.

Wheaton Precious Metals (NYSE:WPM) last issued its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The company had revenue of $901.47 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 91.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Research analysts anticipate that Wheaton Precious Metals Corp. will post 4.99 EPS for the current year.

Wheaton Precious Metals Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WPM shares. Scotiabank boosted their price target on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. TD Securities raised their price objective on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. BMO Capital Markets initiated coverage on shares of Wheaton Precious Metals in a research report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Monday. Finally, Wall Street Zen lowered Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report 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 MarketBeat, Wheaton Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $154.73.

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.