Integrated Advisors Network LLC Makes New Investment in Wheaton Precious Metals Corp. $WPM

Integrated Advisors Network LLC acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,100 shares of the company’s stock, valued at approximately $1,585,000.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC bought a new position in Wheaton Precious Metals in the first quarter worth $331,000. Focus Partners Wealth increased its holdings in Wheaton Precious Metals by 10.7% in the 1st quarter. Focus Partners Wealth now owns 11,223 shares of the company’s stock valued at $871,000 after buying an additional 1,081 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Wheaton Precious Metals in the 1st quarter valued at $209,000. Sivia Capital Partners LLC acquired a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at $239,000. Finally, Rhumbline Advisers lifted its holdings in shares of Wheaton Precious Metals by 28.3% during the 2nd quarter. Rhumbline Advisers now owns 2,952 shares of the company’s stock worth $265,000 after acquiring an additional 652 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of 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 lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Securities raised their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wheaton Precious Metals in a report on Monday, June 29th. Finally, Scotiabank increased their target price on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Twelve investment 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, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average price target of $157.64.

Wheaton Precious Metals Stock Down 3.0%

Shares of Wheaton Precious Metals stock opened at $111.77 on Wednesday. The stock has a market capitalization of $50.76 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 2.17 and a beta of 0.55. The company has a 50-day simple moving average of $124.24 and a 200 day simple moving average of $132.77. Wheaton Precious Metals Corp. has a 12-month low of $85.59 and a 12-month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The firm had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a net margin of 65.55% and a return on equity of 20.20%. The company’s revenue for the quarter was up 91.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. On average, equities analysts anticipate that Wheaton Precious Metals Corp. will post 4.99 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

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

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.