Wheaton Precious Metals Corp. $WPM Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in Wheaton Precious Metals Corp. (NYSE:WPM) by 3.5% in the second quarter, Holdings Channel.com reports. The firm owned 169,530 shares of the company’s stock after acquiring an additional 5,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Wheaton Precious Metals were worth $15,215,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WPM. Quantinno Capital Management LP grew its position in shares of Wheaton Precious Metals by 11.8% in the fourth quarter. Quantinno Capital Management LP now owns 14,699 shares of the company’s stock valued at $827,000 after purchasing an additional 1,552 shares in the last quarter. Twinbeech Capital LP acquired a new position in Wheaton Precious Metals during the fourth quarter worth $749,000. USS Investment Management Ltd acquired a new position in Wheaton Precious Metals during the fourth quarter worth $5,707,000. Vise Technologies Inc. boosted its stake in Wheaton Precious Metals by 102.7% during the fourth quarter. Vise Technologies Inc. now owns 8,587 shares of the company’s stock worth $483,000 after buying an additional 4,351 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Wheaton Precious Metals by 163.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 100,791 shares of the company’s stock valued at $5,670,000 after acquiring an additional 62,573 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Wheaton Precious Metals from $80.00 to $90.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 4th. Raymond James Financial boosted their target price on shares of Wheaton Precious Metals from $112.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Berenberg Bank boosted their target price on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, September 12th. CIBC reiterated an “outperform” rating on shares of Wheaton Precious Metals in a report on Tuesday, July 15th. Finally, UBS Group set a $106.00 price objective on Wheaton Precious Metals and gave the company a “neutral” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.44.

Wheaton Precious Metals Stock Down 0.3%

NYSE:WPM opened at $104.81 on Friday. The stock’s fifty day moving average is $97.20 and its two-hundred day moving average is $87.45. Wheaton Precious Metals Corp. has a 52 week low of $55.47 and a 52 week high of $108.67. The stock has a market capitalization of $47.58 billion, a price-to-earnings ratio of 60.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.42.

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

Wheaton Precious Metals Dividend Announcement

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

Wheaton Precious Metals Profile

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.