Swiss Life Asset Management Ltd Purchases 9,147 Shares of Wheaton Precious Metals Corp. $WPM

Swiss Life Asset Management Ltd boosted its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,022 shares of the company’s stock after purchasing an additional 9,147 shares during the period. Swiss Life Asset Management Ltd’s holdings in Wheaton Precious Metals were worth $9,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Wheaton Precious Metals by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 19,079,029 shares of the company’s stock worth $2,242,969,000 after purchasing an additional 289,939 shares during the last quarter. TD Asset Management Inc lifted its stake in Wheaton Precious Metals by 3.5% in the third quarter. TD Asset Management Inc now owns 7,252,054 shares of the company’s stock worth $811,726,000 after purchasing an additional 244,027 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $777,938,000 after purchasing an additional 1,847,977 shares during the last quarter. Bank of Montreal Can lifted its stake in Wheaton Precious Metals by 26.1% in the third quarter. Bank of Montreal Can now owns 6,455,675 shares of the company’s stock worth $722,270,000 after purchasing an additional 1,335,588 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 worth $402,435,000 after purchasing an additional 507,577 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Scotiabank lifted their price target on shares of Wheaton Precious Metals from $175.00 to $178.00 and gave the company a “sector outperform” rating in a research note on Monday, March 16th. TD Securities lifted 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. Wall Street Zen downgraded shares of Wheaton Precious Metals from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Wheaton Precious Metals in a research note on Wednesday, February 4th. Finally, BMO Capital Markets assumed coverage on shares of Wheaton Precious Metals in a research note on Thursday, April 9th. They set an “outperform” rating and a $240.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.45.

Wheaton Precious Metals Trading Down 0.7%

Shares of WPM stock opened at $142.82 on Wednesday. The business’s fifty day simple moving average is $137.84 and its 200-day simple moving average is $127.78. The company has a market cap of $64.86 billion, a PE ratio of 36.07, a PEG ratio of 2.77 and a beta of 0.50. Wheaton Precious Metals Corp. has a 12-month low of $75.42 and a 12-month high of $165.76.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.04. The business had revenue of $901.47 million for the quarter, compared to the consensus estimate of $868.35 million. Wheaton Precious Metals had a return on equity of 20.20% and a net margin of 65.55%.The business’s quarterly revenue was up 91.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities analysts forecast that Wheaton Precious Metals Corp. will post 4.88 earnings per share for the current year.

Wheaton Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.5%. Wheaton Precious Metals’s dividend payout ratio is presently 19.70%.

About Wheaton Precious Metals

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.