Oxbow Advisors LLC Buys Shares of 109,749 Wheaton Precious Metals Corp. $WPM

Oxbow Advisors LLC purchased a new position in Wheaton Precious Metals Corp. (NYSE:WPM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 109,749 shares of the company’s stock, valued at approximately $12,327,000. Wheaton Precious Metals comprises approximately 1.0% of Oxbow Advisors LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other large investors have also made changes to their positions in the business. Stack Financial Management Inc acquired a new stake in Wheaton Precious Metals in the second quarter worth about $30,118,000. Euro Pacific Asset Management LLC increased its holdings in shares of Wheaton Precious Metals by 3.0% during the first quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company’s stock valued at $37,895,000 after acquiring an additional 8,455 shares in the last quarter. Abacus Wealth Partners LLC increased its holdings in shares of Wheaton Precious Metals by 1,402.0% during the fourth quarter. Abacus Wealth Partners LLC now owns 32,023 shares of the company’s stock valued at $3,763,000 after acquiring an additional 29,891 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Wheaton Precious Metals by 489.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,300 shares of the company’s stock valued at $8,631,000 after purchasing an additional 61,700 shares during the last quarter. Finally, Pecaut & CO. purchased a new position in shares of Wheaton Precious Metals in the 2nd quarter valued at approximately $1,297,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 2.9%

WPM stock opened at $132.69 on Wednesday. The firm has a market cap of $60.26 billion, a PE ratio of 29.42, a P/E/G ratio of 2.38 and a beta of 0.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s fifty day moving average is $116.80 and its 200 day moving average is $130.20. Wheaton Precious Metals Corp. has a one year low of $90.94 and a one year high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. During the same quarter last year, the firm posted $0.63 EPS. The business’s revenue was up 84.7% on a year-over-year basis. On average, research analysts forecast that Wheaton Precious Metals Corp. will post 4.79 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is 17.29%.

Analyst Ratings Changes

Several analysts have weighed in on WPM shares. Berenberg Bank set a $157.00 target price on shares of Wheaton Precious Metals in a research report on Tuesday, July 28th. Bank of America decreased their price target on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group lowered their price objective on shares of Wheaton Precious Metals from $182.00 to $177.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada dropped their price objective on shares of Wheaton Precious Metals from $165.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Wheaton Precious Metals from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.55.

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.