Oddo BHF Asset Management Sas Purchases 7,500 Shares of Wheaton Precious Metals Corp. $WPM

Oddo BHF Asset Management Sas boosted its holdings in Wheaton Precious Metals Corp. (NYSE:WPM) by 26.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,500 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Oddo BHF Asset Management Sas’ holdings in Wheaton Precious Metals were worth $4,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WPM. Norges Bank bought a new position in shares of Wheaton Precious Metals during the fourth quarter valued at $864,977,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Wheaton Precious Metals by 36.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,955,810 shares of the company’s stock valued at $777,938,000 after acquiring an additional 1,847,977 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Wheaton Precious Metals by 40.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,912,588 shares of the company’s stock valued at $694,951,000 after acquiring an additional 1,715,540 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Wheaton Precious Metals by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 14,469,877 shares of the company’s stock valued at $1,700,517,000 after acquiring an additional 1,402,092 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Wheaton Precious Metals by 26.1% during the 3rd quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock valued at $722,270,000 after acquiring an additional 1,335,588 shares during the last quarter. 70.34% of the stock is owned by institutional investors.

Wheaton Precious Metals Trading Up 3.6%

Wheaton Precious Metals stock opened at $128.46 on Wednesday. Wheaton Precious Metals Corp. has a 12 month low of $85.59 and a 12 month high of $165.76. The stock’s 50 day moving average is $132.43 and its 200-day moving average is $132.24. The company has a market capitalization of $58.34 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 2.34 and a beta of 0.51.

Wheaton Precious Metals (NYSE:WPM) last posted its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate 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 company had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 91.7% on a year-over-year basis. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders 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 annualized dividend and a yield of 0.6%. Wheaton Precious Metals’s payout ratio is 19.70%.

Analysts Set New Price Targets

Several research analysts recently weighed in on WPM shares. Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank lifted their price objective 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. Zacks Research downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. UBS Group raised Wheaton Precious Metals from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Friday, March 27th. Finally, TD Securities boosted 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. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.64.

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.