DekaBank Deutsche Girozentrale Trims Holdings in Wheaton Precious Metals Corp. $WPM

DekaBank Deutsche Girozentrale trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 1.3% during the second quarter, Holdings Channel.com reports. The firm owned 1,628,243 shares of the company’s stock after selling 21,890 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Wheaton Precious Metals were worth $142,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WPM. Canada Pension Plan Investment Board lifted its holdings in Wheaton Precious Metals by 57.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,097,735 shares of the company’s stock valued at $162,811,000 after purchasing an additional 766,947 shares in the last quarter. Amundi lifted its holdings in Wheaton Precious Metals by 33.2% in the 1st quarter. Amundi now owns 2,745,947 shares of the company’s stock valued at $215,557,000 after purchasing an additional 683,674 shares in the last quarter. Perpetual Ltd purchased a new position in Wheaton Precious Metals in the 1st quarter valued at about $50,430,000. Nuveen LLC purchased a new position in Wheaton Precious Metals in the 1st quarter valued at about $36,885,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Wheaton Precious Metals by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after purchasing an additional 470,651 shares in the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WPM has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Wheaton Precious Metals in a report on Wednesday, October 8th. Berenberg Bank increased their price objective on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wall Street Zen upgraded shares of Wheaton Precious Metals from a “hold” rating to a “buy” rating in a report on Monday, September 8th. UBS Group increased their price objective on shares of Wheaton Precious Metals from $118.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Raymond James Financial increased their price objective on shares of Wheaton Precious Metals from $114.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.89.

Wheaton Precious Metals Stock Performance

WPM opened at $105.41 on Tuesday. The firm has a 50 day moving average price of $103.66 and a 200 day moving average price of $92.90. The company has a market cap of $47.85 billion, a PE ratio of 60.93, a price-to-earnings-growth ratio of 1.91 and a beta of 0.41. Wheaton Precious Metals Corp. has a 1 year low of $55.47 and a 1 year high of $114.36.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $503.22 million during the quarter, compared to the consensus estimate of $424.23 million. Wheaton Precious Metals had a net margin of 47.46% and a return on equity of 11.96%. The company’s revenue was up 68.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 21st. Wheaton Precious Metals’s dividend payout ratio is 38.15%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.