Total Wealth Planning & Management Inc. Makes New $483,000 Investment in Wheaton Precious Metals Corp. $WPM

Total Wealth Planning & Management Inc. bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,107 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Varma Mutual Pension Insurance Co boosted its position in Wheaton Precious Metals by 8.5% during the third quarter. Varma Mutual Pension Insurance Co now owns 207,358 shares of the company’s stock worth $23,210,000 after purchasing an additional 16,300 shares during the period. TD Asset Management Inc raised its stake in shares of Wheaton Precious Metals by 3.5% during the 3rd quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock valued at $811,726,000 after purchasing an additional 244,027 shares during the period. Sprott Inc. lifted its holdings in Wheaton Precious Metals by 3.0% during the 3rd quarter. Sprott Inc. now owns 1,151,886 shares of the company’s stock worth $128,928,000 after purchasing an additional 33,076 shares in the last quarter. LBP AM SA lifted its holdings in Wheaton Precious Metals by 632.2% during the 4th quarter. LBP AM SA now owns 119,855 shares of the company’s stock worth $14,085,000 after purchasing an additional 103,485 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC purchased a new stake in Wheaton Precious Metals during the 4th quarter worth about $2,052,000. Institutional investors own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WPM. Zacks Research cut Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. BMO Capital Markets began coverage on Wheaton Precious Metals in a report on Thursday, April 9th. They set an “outperform” rating and a $240.00 price objective on the stock. Scotiabank increased their price objective on Wheaton Precious Metals from $178.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, TD Securities increased their price objective on Wheaton Precious Metals from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 16th. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Wheaton Precious Metals presently has an average rating of “Moderate Buy” and an average target price of $155.64.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at $128.54 on Friday. The stock’s 50-day simple moving average is $134.37 and its 200 day simple moving average is $131.45. The stock has a market capitalization of $58.37 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.36 and a beta of 0.51. Wheaton Precious Metals Corp. has a 52-week low of $85.59 and a 52-week high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to analyst estimates of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The company’s quarterly revenue was up 91.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 4.98 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, May 27th. Wheaton Precious Metals’s dividend payout ratio is currently 19.70%.

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.