Wheaton Precious Metals Corp. $WPM is Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s 5th Largest Position

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 51.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,810 shares of the company’s stock after acquiring an additional 10,110 shares during the period. Wheaton Precious Metals makes up about 8.2% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 5th largest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Wheaton Precious Metals were worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Wheaton Precious Metals by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,554,651 shares of the company’s stock worth $1,668,582,000 after acquiring an additional 557,793 shares during the last quarter. Norges Bank bought a new position in Wheaton Precious Metals during the second quarter worth about $656,463,000. Bank of Montreal Can boosted its position in Wheaton Precious Metals by 10.3% during the second quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock worth $460,736,000 after purchasing an additional 478,236 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Wheaton Precious Metals by 0.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,107,833 shares of the company’s stock worth $458,683,000 after purchasing an additional 35,047 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Wheaton Precious Metals by 12.8% in the second quarter. Bank of America Corp DE now owns 4,481,459 shares of the company’s stock valued at $402,435,000 after purchasing an additional 507,577 shares during the period. Hedge funds and other institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WPM. UBS Group raised their price objective on shares of Wheaton Precious Metals from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, December 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $145.00 price target on shares of Wheaton Precious Metals in a report on Sunday, December 7th. Scotiabank reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Thursday, October 23rd. Bank of America boosted their price objective on Wheaton Precious Metals from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, CIBC raised their target price on Wheaton Precious Metals from $135.00 to $160.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Wheaton Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.78.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $146.37 on Friday. Wheaton Precious Metals Corp. has a fifty-two week low of $58.31 and a fifty-two week high of $147.28. The stock has a market cap of $66.46 billion, a P/E ratio of 66.53, a PEG ratio of 1.32 and a beta of 0.52. The firm’s fifty day moving average price is $118.17 and its 200-day moving average price is $106.21.

Wheaton Precious Metals (NYSE:WPM) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 13.32% and a net margin of 54.72%.The company had revenue of $476.26 million during the quarter, compared to analyst estimates of $495.53 million. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s quarterly revenue was up 54.5% on a year-over-year basis. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Wheaton Precious Metals’s payout ratio is presently 30.00%.

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.