TMB Capital Partners LLC Buys New Shares in Wheaton Precious Metals Corp. $WPM

TMB Capital Partners LLC purchased a new stake in Wheaton Precious Metals Corp. (NYSE:WPM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,500 shares of the company’s stock, valued at approximately $2,997,000. Wheaton Precious Metals comprises 1.0% of TMB Capital Partners LLC’s holdings, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WPM. Assetmark Inc. increased its position in shares of Wheaton Precious Metals by 144.4% in the fourth quarter. Assetmark Inc. now owns 220 shares of the company’s stock valued at $26,000 after acquiring an additional 130 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in Wheaton Precious Metals by 100.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 234 shares of the company’s stock valued at $27,000 after purchasing an additional 117 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Wheaton Precious Metals during the fourth quarter valued at approximately $28,000. Navalign LLC bought a new position in Wheaton Precious Metals in the fourth quarter valued at approximately $30,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Wheaton Precious Metals during the 4th quarter worth approximately $32,000. 70.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WPM has been the topic of a number of analyst reports. Wall Street Zen cut Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank raised their target price on shares of Wheaton Precious Metals from $178.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. UBS Group upgraded shares of Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, March 27th. TD Cowen increased their price target on shares of Wheaton Precious Metals from $164.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Finally, TD Securities lifted their price objective 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. Thirteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals currently has a consensus rating of “Moderate Buy” and an average price target of $155.64.

Wheaton Precious Metals Trading Down 2.6%

Shares of NYSE WPM opened at $122.60 on Friday. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The stock has a 50 day moving average of $132.00 and a 200-day moving average of $132.47. The company has a market capitalization of $55.68 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.37 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly 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. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business had revenue of $901.47 million for the quarter, compared to analysts’ expectations of $868.35 million. During the same quarter in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 91.7% on a year-over-year basis. Analysts predict that Wheaton Precious Metals Corp. will post 4.98 EPS for the current fiscal year.

Wheaton Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, May 27th. Wheaton Precious Metals’s payout ratio is currently 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.